XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

AUD/NZD: watch RBNZ and 1.0560 - BNZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Guatemala) - Analysts at BNZ explained the conditions surrounding NZD/USD and AUD/NZD.

    Key Quotes:

    "NZD/USD kept its head above water, despite the retreat in risk appetite, and sizeable declines in its peers. That comes courtesy of the updraft in NZD/AUD, where investors are looking to once again test critical resistance at 0.9470. Our fair-value model suggests the cross should be trading nearer to 0.89, consistent with rate differentials.

    A cut from the RBNZ tomorrow morning, coupled with an on-hold decision from the RBA next week, would likely provide the cross an express ticket back to fundamentals."
    For more information, read our latest forex news.
     

Share This Page

Trade indices Online