NZD/USD: It is hard to see where a good news story is going to come from – ANZ

FXStreet Insights Team FXStreet

NZD/USD is a shade below 0.6000. Economists at ANZ Bank analyze Kiwi’s outlook.

Broader FX markets are likely to be illiquid and quiet into Easter

As we wind down for Easter, there’s no sign of global FX shifting away from their USD-centric beat ahead of a host of key US data including the core PCE deflator, ISM Mfg survey and JOLTS data between now and the middle of next week.

Locally, as fiscal challenges mount and commentators become more wary on the outlook for NZ, it’s hard to see where a good news story is going to come from.

Support 0.5750/0.5970 – Resistance 0.6255/0.6500

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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