Mar 5, 2013
Forex Flash: NZD/USD to trade with a positive tone - BNZ
Absent a disappointing Aussie GDP figure, according to Mike Jones, currency strategist at Bank of New Zealand, "we suspect the NZD/USD will continue to trade with a positive bias today." The analyst thinks that any pull-back towards the 200 day moving average at 0.8300 should find buying interest, ahead of 0.8280. Initial resistance eyed at 0.8350, he adds.