Conviction in NZD/USD firming - Westpac

Analysts at Westpac explained that if anything conviction levels on the USD and NZD have firmed.

Key Quotes:

"Our model score drives a good amount of the NZD enthusiasm, led by steady gains in dairy prices."

"The week ahead will see a good amount of economic news, with a couple of consumer confidence surveys, PMIs, and building and manufacturing partials to Q3 GDP (which is released on 22 Dec)."

"We estimate Q3 GDP at a decent 3.6% yoy, above the 2.9% average of the past five years. We leave a buy order at 0.7130, stop 0.7060."