22 May 2015
NZD/USD risks tilted lower – ANZ
FXStreet (Barcelona) - Sam Tuck, Senior FX Strategist at ANZ, sees NZD/USD risks tilted to the downside in the coming month, with the pair supported at 0.72 levels.
Key Quotes
“The NZD/USD is trading in line with both ANZ fundamental fair value and cyclical fair value. Technically NZD/USD remains within a falling trend, with strong resistance at 0.77 and support at 0.72 on the wide. We do not expect NZD to regain the 0.76 handle this coming month and see risks lower.”
Key Quotes
“The NZD/USD is trading in line with both ANZ fundamental fair value and cyclical fair value. Technically NZD/USD remains within a falling trend, with strong resistance at 0.77 and support at 0.72 on the wide. We do not expect NZD to regain the 0.76 handle this coming month and see risks lower.”