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TDUX
Oct 05 - 07:55 PM
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NZD/USD - Makes Tepid Recovery From Year-To-Date Lows

By James Connell  —  Oct 05 - 06:07 PM

• NZD/USD +0.4% from Mon 0.5581 low, significant chart level holds 1st attempt

• 0.5581 the equal low traded in 18-months, also reached Nov 21 2025

• Oil prices ease, U.S. equities rise, bonds remain under pressure globally

• EUR/USD near 17-month lows amid French debt worry, DXY up 0.2% late Mon

• NZD pushing upper hourly Bollinger band, uptick likely to run out of steam

• 0.5845 post-'tariff-day' 2025 low looks to be in play as NZ sentiment sours

• Range NZ 0.55955-0.5606, support 0.5581 0.5485, resistance 0.5995 0.6012
NZD Hourly Bollinger Study & DXY Daily 55/100/200-DMA


NZD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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