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NZDUSD at 0.56597, New York range 11.6 pips

Baker Hughes rig counts are scheduled at 17:00 UTC, the next release in our window

NZDUSD · New York session · Published Oct 16, 2026, 1:45 PM

NZDUSD last traded at 0.56597, inside a New York session that has run 11.6 pips between 0.56536 and 0.56652. The nearest level above is the London high at 0.56752, 15.5 pips away, and the nearest below is the London low at 0.56519, 7.8 pips away.

London traded a 23.2 pip range, opening at 0.56524 and closing at 0.56646. An ordinary day over the last 14 covers 43.3 pips, and the latest day sits at the 61st percentile of the last 44 days we hold, which is an ordinary day for this market.

The calendar holds 8 releases of impact 2 or 3 in the next 24 hours, starting with the Baker Hughes US Oil Rig Count and Total Rig Count at 17:00 UTC. Past industrial production releases moved NZDUSD 3.60 pips on average in the first 15 minutes and 5.90 in the first 60, in either direction.

Large speculators are net short 29346 contracts, a weekly change of -12031, the 80th percentile of the last 52 weekly reports. The New Zealand Dollar headline on inflation and weak demand was graded impact 2 of 3 for NZDUSD.

Session brief

  1. NZDUSD, New York sessionOpen 0.56647, high 0.56652, low 0.56536, close 0.56597: a range of 11.6 pips over 105 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, London sessionOpen 0.56524, high 0.56752, low 0.56519, close 0.56646: a range of 23.2 pips over 300 minutes, from our own one-minute candles.
  4. NZDUSD daily rangeAn ordinary day of the last 14 covers 43.3 pips. The latest day sits at the 61st percentile of the last 44 days we hold, which is an ordinary day for this market. Measured on our own candles.
  5. Economic calendar for NZD and USD8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-17 13:45 UTC. Our calendar covers up to 2026-11-15 00:00 UTC.
  6. NZDUSD reaction to industrial_production_usdOver 71 past releases NZDUSD moved 3.60 pips on average in the first 15 minutes and 5.90 in the first 60, in either direction. Measured on our own one-minute candles.
  7. CFTC Commitments of Traders, 112741Large speculators are net short 29346 contracts, a change of -12031 on the week. That is the 80th percentile of the last 52 weekly reports.
  8. New Zealand Dollar: Inflation and weak demand challenge RBNZ – CommerzbankFXStreet. Graded impact 2 of 3 for NZDUSD by our headline classifier.
  9. USD Baker Hughes US Oil Rig CountScheduled 2026-10-16 17:00 UTC, impact 2 of 3. From MQL5 Economic Calendar.

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.