NZD/USD: Kiwi holding its own - ANZ
|Analysts at ANZ explained that NZD/USD held its own and is basically sitting where it was 24 hours prior.
Key Quotes:
"The fact the kiwi is hanging in there despite a stronger USD may reflect Fonterra’s downgrade perhaps not being as large as feared and also better QV house prices.
However, we suspect it is also reflects market positioning.
It points to a decent base of support at present.
Support 0.6820 Resistance 0.6920."
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.