NZD/USD: strength to be faded? - ANZ

Ross J Burland FXStreet

Analysts at ANZ noted that the kiwi held in a reasonably tight range overnight, as it awaits the next catalyst for direction.

Key Quotes:

"Today’s Chinese activity data will be watched, but ultimately it is the USD that will hold sway."

"We are still of the mind that any further NZD strength should be faded."

"Support 0.7180 Resistance 0.7440"

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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