5 Nov 2013
NZD/USD tumbled on RBA comments; now slightly higher
FXstreet.com (Athens) – The NZD/USD had been mostly trading sideways before the RBA’s statement release, but well after the release the kiwi followed its Antipodean cousin trend shift, thus the cross was dragged down.
NZD/USD goes down as the kiwi tracks the Aussie downwards trend shift
The NZD/USD was trading sidelines, but as soon as the RBA’s statement emphasized again on the “uncomfortable high” AUD, the kiwi was wounded immensely, thus, the cross dragged down almost by 0.20%.
Technical Analysis on the NZD/USD
Imre Speizer on behalf of the Westpac Global Strategy Team suggests that “Near term, the US dollar’s pull should dominate, putting 0.8190 at risk. Longer term, we target 0.8600 by Mar-14.”
NZD/USD goes down as the kiwi tracks the Aussie downwards trend shift
The NZD/USD was trading sidelines, but as soon as the RBA’s statement emphasized again on the “uncomfortable high” AUD, the kiwi was wounded immensely, thus, the cross dragged down almost by 0.20%.
Technical Analysis on the NZD/USD
Imre Speizer on behalf of the Westpac Global Strategy Team suggests that “Near term, the US dollar’s pull should dominate, putting 0.8190 at risk. Longer term, we target 0.8600 by Mar-14.”