NZD/USD: back above 74 cents - ANZ
|Analysts at ANZ noted the recent themes within NZD/USD.
Key Quotes:
"With correlations shifting again, and FX markets taking their cues from equities as opposed to rates, the USD continues to languish, sending kiwi briefly above 74 cents.
We don’t believe this thematic will last, but it is hard to stand in its way right now. That said, with US and Chinese holidays nearing, perhaps the market will pause for breath. Support 0.7180 Resistance 0.7420."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.