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Sell strength in NZD/USD to 0.6730 - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Westpac recommends selling strength in NZD/USD to 0.6730 with a stop-loss order at 0.6780 and a multi-month target of 0.6200.

    Key Quotes

    "New Zealand’s inflation expectations survey that was released yesterday plunged to a post-1994 low, adding to arguments for RBNZ easing this year."

    "Sees dairy prices as poised to weaken further in near term, according to WMP futures. Overall price at last night’s GlobalDairyTrade auction fell 2.8%."

    "USD is starting to respond to positive U.S. data surprises."
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