NZD/USD is in a fairly neutral state - Westpac

NZD/USD is in a fairly neutral state at 0.7320, which is middle of a two-month old sideways range of 0.7200-0.7435, and pretty close to fair value, explains Imre Speizer, Research Analyst at Westpac.

Key Quotes

“Key drivers during the week ahead will no doubt be the FOMC decision, as well as the RBNZ, both on 22nd.”

“Our multi-month view remains that eventually, higher US interest rates will boost the US dollar, and NZD/USD will thus fall to 0.69 by mid-2018.”