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NZDUSD at 0.56870, low of a 5.7 pip London range

US Flash Manufacturing and Services PMI land at 13:45 UTC, the first of 8 releases in the window

NZDUSD · London session · Published Oct 23, 2026, 8:35 AM

NZDUSD last traded at 0.56870, the low of a London session that has run 5.7 pips between 0.56870 and 0.56927 since the 0.56894 open. The nearest level above is the round number at 0.57000, 13 pips away, then the previous session high at 0.56992, 12.2 pips up. Below sit the previous session low at 0.56790, 8 pips down, and the prior week high at 0.56752, 11.8 pips down.

The Asia session covered 20.2 pips between 0.56790 and 0.56992 and closed at 0.56892. The prior trading day ran 42.4 pips from 0.56679 to 0.57104 and closed at 0.56838. An ordinary day of the last 14 covers 40.1 pips, and the latest day sits at the 57th percentile of the last 44 days we hold, which the volatility source calls an ordinary day for this market.

The calendar holds 8 releases of impact 2 or 3 in the next 24 hours, starting with USD Flash Manufacturing PMI at 13:45 UTC, forecast 55.4 against a previous 57.0, and USD Flash Services PMI at the same time, forecast 57.9 against 58.7. Over 95 past releases of that family NZDUSD moved 5.11 pips on average in the first 15 minutes and 9.22 in the first 60, in either direction. At 14:00 UTC the Michigan inflation expectations and sentiment releases follow, families that moved the pair 5.16 and 5.03 pips on average in the first 15 minutes.

Large speculators are net short 47001 contracts in the CFTC Commitments of Traders report of 2026-10-13, a change of -17655 on the week and the 31st percentile of the last 52 weekly reports. Among the headlines graded 2 of 3 for NZDUSD, FXStreet reported the New Zealand Dollar gaining ground on RBNZ rate hike prospects at 02:35 UTC and the Australian Dollar holding steady amid RBNZ rate hike bets and weak PMI data at 07:33 UTC.

Session brief

  1. NZDUSD, London sessionOpen 0.56894, high 0.56927, low 0.56870, close 0.56870: a range of 5.7 pips over 96 minutes, from our own one-minute candles.
  2. NZDUSD reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  3. NZDUSD, Asia sessionOpen 0.56800, high 0.56992, low 0.56790, close 0.56892: a range of 20.2 pips over 595 minutes, from our own one-minute candles.
  4. NZDUSD, previous trading dayHigh 0.57104, low 0.56679, close 0.56838 on 2026-10-22, a range of 42.4 pips, from our own candles on the trading day that starts 17:00 New York.
  5. NZDUSD daily rangeAn ordinary day of the last 14 covers 40.1 pips. The latest day sits at the 57th percentile of the last 44 days we hold, which is an ordinary day for this market. Measured on our own candles.
  6. USD Flash Manufacturing PMIScheduled 2026-10-23 13:45 UTC, impact 2 of 3. Forecast 55.4. Previous 57.0. From Forex Factory.
  7. USD Flash Services PMIScheduled 2026-10-23 13:45 UTC, impact 2 of 3. Forecast 57.9. Previous 58.7. From Forex Factory.
  8. NZDUSD reaction to pmi_usdOver 95 past releases NZDUSD moved 5.11 pips on average in the first 15 minutes and 9.22 in the first 60, in either direction. Measured on our own one-minute candles.
  9. USD Michigan 5-Year Inflation ExpectationsScheduled 2026-10-23 14:00 UTC, impact 2 of 3. Forecast 3.5%. Previous 3.5%. From MQL5 Economic Calendar.
  10. NZDUSD reaction to inflation_expectations_usdOver 48 past releases NZDUSD moved 5.16 pips on average in the first 15 minutes and 7.78 in the first 60, in either direction. Measured on our own one-minute candles.
  11. CFTC Commitments of Traders, 112741Large speculators are net short 47001 contracts, a change of -17655 on the week. That is the 31st percentile of the last 52 weekly reports.
  12. New Zealand Dollar gains ground to near 0.5700 on RBNZ rate hike prospectsFXStreet. Graded impact 2 of 3 for NZDUSD by our headline classifier.
  13. Australian Dollar holds steady amid RBNZ rate hike bets, weak PMI dataFXStreet. Graded impact 2 of 3 for NZDUSD by our headline classifier.
  14. Economic calendar for NZD and USD8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-24 08:35 UTC. Our calendar covers up to 2026-11-22 00:00 UTC.

Written once by FxMind's desk from our own market data, the same text every reader sees.

Context on the market, not a trade recommendation. The decision is the trader's.