NZD/USD: headed for a break of top side resistance? - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that NZD/USD tested topside resistance overnight, but has the feeling that a better run of domestic data over the next week could see this broken.

Key Quotes:

"While interest rate differentials remain important, so too do trade developments.

One of the easiest ways to improve the US trade balance is through a lower USD, however there also needs to be an open for business mentality on both sides. The renegotiation of NAFTA remains a must watch to test how the US administration plans to walk this tight rope."

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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