NZD/USD: NZ’s remoteness to instability still makes it one of the “cleaner dirty shirts” – ANZ

FXStreet Insights Team FXStreet

The Kiwi is lower. But analysts at ANZ Bank are not reading too much into it given how volatile markets have been of late.

Lots of balls in the air

“Fears about the instability of the US banking system continue to linger, and may for some time, denting the USD. One also wonders whether a Fed hike will be cheered (better carry) or booed (destabilising) by USD pundits this week.”

“Lots of balls in the air, but NZ does seem more remote from the world’s troubles, and that may allow the RBNZ to just keep hiking.”

“Support 0.5750/0.5900/0.6090 – Resistance 0.6540/0.6675.”

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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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