6 Jul 2015
NZD/USD downside towards 0.6560 expected – Westpac
FXStreet (Barcelona) - Imre Speizer of Westpac, sees downside potential for NZD/USD towards 0.6560 on a 1-3Month view.
Key Quotes
“NZD/USD 1 day: The multi-month downtrend remains intact, with no major obstacles ahead of 0.6560.”
“NZD/USD 1-3 month: Our next major target is 0.6560 which was a major low in May 2010. The two main factors expected to contribute to NZD/USD weakness during the next few months are RBNZ easing (the OCR falling to 2.75% or lower) and Fed tightening (FF mid-point to rise by 25bp in September).”
Key Quotes
“NZD/USD 1 day: The multi-month downtrend remains intact, with no major obstacles ahead of 0.6560.”
“NZD/USD 1-3 month: Our next major target is 0.6560 which was a major low in May 2010. The two main factors expected to contribute to NZD/USD weakness during the next few months are RBNZ easing (the OCR falling to 2.75% or lower) and Fed tightening (FF mid-point to rise by 25bp in September).”