Flash: NZD strategy profile – Westpac

FXstreet.com (Barcelona) - According to Global FX Strategist Sean Callow at Westpac, “A near empty local calendar keeps the focus offshore, where USD should be firm enough to cap NZD/USD with an 0.8200 handle but fresh lows since Sep 2012 seem unlikely.”

Moreover, the AUD/NZD is finally showing signs of at least an interim low, so long as the RBA doesn’t surprise the market with another rate cut on Tuesday. Friday’s May business confidence is the only notable release for the week ahead. Third-tier data release include April money supply (tomorrow) and May commodity prices (Wednesday).