NZD/USD should head lower? - ANZ
|A lot of traditional drivers are saying the NZD/USD should head lower (the absolute level of the yield differential, US growth, movements up in volatility) but the policy backdrop is doing the USD no favours, according to analysts at ANZ.
Key Quotes
“New Zealand’s upcoming election and policy uncertainty look tame in comparison. We continue to feel the ‘traditional drivers’ will have more say, but any dips are expected to be shallow.”
“Support 0.7260 Resistance 0.7330”
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.