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NZD/USD fairly priced, consolidation eyed - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - According to ANZ, NZD/USD appears to be fairly priced and is likely to consolidate near term.

    Key Quotes

    "We see NZD/USD as fairly priced and likely to continue consolidating for now, although medium-term risks remain lower with our bullish USD bias intact. "

    "However, it is likely to be a volatile consolidation as data releases come thick and fast this week."

    "NZD/AUD will be a key focus, with market expectations for a cut from the RBA heightened."

    "Despite our expectation that the RBA will ease further, we view this meeting as too early, and thus risks for NZD/AUD look temporarily skewed lower."
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