NZD/USD: tested as spotlight shone on widening interest rate differential - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that the kiwi outperformed in the lead-up to the FOMC but then underperformed following as the Fed delivered a more hawkish statement, providing the USD with a boost.

Key Quotes:

"The bottom of the NZD’s recent range is currently being tested as the spotlight is being shone on widening interest rate differentials. However, recent history has taught us that there is decent underlying demand around this level."

"Support 0.6880 Resistance 0.7060."

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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