NZD/USD: upward grind and again knocking on the door of topside resistance - ANZ

Sandeep Kanihama FXStreet Contributor

Analysts at ANZ point out that it has been an upward grind for kiwi over the past 24 hours and it is again knocking on the door of topside resistance.

Key Quotes

“This has surprised us, as New Zealand’s election remains too close to call. That said, it also reflects a softer USD ahead of a key FOMC meeting tomorrow morning (and the threat of another hurricane). With local GDP figures out tomorrow as well, and the last leader’s debate tonight, there are still plenty of catalysts to throw it around.”

“Support 0.7230 Resistance 0.7330”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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