Back
30 Mar 2015
NZD/USD might see a move above 0.7700 in the near-term – Westpac
FXStreet (Barcelona) - Imre Speizer of Westpac, notes that NZD/USD risks a move further to the upside in the near-term.
Key Quotes
“Near term upward momentum has stalled although the balance of risks is for further upside during the week or two ahead.”
“First, there’s a NZ dairy auction to navigate on Wednesday (potentially NZD/USD negative). Then there’s the US payrolls report on Friday which has downside risks (NZD/USD positive), the recent run of US data not confidence-inspiring.”
“Near term support lies at 0.7450 for a push above 0.7700.”
Key Quotes
“Near term upward momentum has stalled although the balance of risks is for further upside during the week or two ahead.”
“First, there’s a NZ dairy auction to navigate on Wednesday (potentially NZD/USD negative). Then there’s the US payrolls report on Friday which has downside risks (NZD/USD positive), the recent run of US data not confidence-inspiring.”
“Near term support lies at 0.7450 for a push above 0.7700.”