View full page at forexfactory.com

 

NZD/USD: can bulls break up to the key 0.72 handle?

From fxstreet.com

Currently, NZD/USD is trading at 0.7173, down -0.06% on the day, having posted a daily high at 0.7180 and low at 0.7168. The bird retains upward momentum, although the 0.7190-0.7200 area is a minor obstacle for now as analysts at Westpac noted. NZD/USD 1-3 month: "If the RBNZ remains firmly on hold, as we expect, and the US dollar rises on the expectation of further Fed interest rate rises in 2018, then NZD/USD should fall to 0.67 over the next few months," explained the analysts at Westpac for a longer term outlook. Forex today: mixed Fed chat, dollar higher and equities/ rates up Meanwhile, the data is thin this ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis