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Forex Flash: EUR/USD somewhat over-extended now - TDS

FXstreet.com (Barcelona) - While above 1.2880, last at 1.2909 EUR/USD, and threatening to build a reversal pattern if above 1.2980, Chief FX Strategist at TD Securities Shaun Osborne believes the “EUR/USD has been pulled lower by the focus on Cyprus this week but relative central bank balance sheet positions suggests 1.35 is fairer value for EUR/USD currently,” he notes, adding: “We look for EUR/USD to rebound if a Cyprus deal is reached,” Shaun concludes.

Forex Flash: AUD/NZD, short looking for 1.23 - Westpac

AUD/NZD was taken down to 1.2550 where it consolidates now, on the back of positive GDP figures in New Zealand, which has led to the future rates market pricing an RBNZ hike at 35% by year end now.
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