NZD/USD: focus is on divergent policy outlooks for Fed and RBNZ - ANZ

Ross J Burland FXStreet

The NZD ended the week on the back foot as a stronger USD and the AUD breaking through some key technical levels dragged it lower.

Key Quotes:

"With the focus turning to central banks this week (and in particular the divergent policy outlooks for the Fed and RBNZ), an early test of the 200-day moving average at 0.7180 looks likely.

The kiwi starts the week on the back foot and is approaching key downside (200-day moving average) support. Whether it breaks through there or not will be determined by global factors, although there are a few tentative signs of the global economic pulse beginning to soften, we think it will only be a matter of time. Support 0.7180 Resistance 0.7420"

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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