OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD outlook neutral this week - Westpac

FXStreet (Bali) - According to Imre Speizer, FX Strategist at Westpac, this old consolidation between 0.8415 and 0.8515 may persist this week.

Key Quotes

"The decline in NZD/USD, which started on 10 July from 0.8836, has been only briefly punctuated by shallow corrective bounces, suggesting a more emphatic bounce is due. Certainly selling momentum has slowed, and that, plus an expectation that the 0.8400 level below will be tough to break, warn against establishing fresh shorts here."

"Shorts in the 0.8500-0.8600 area are attractive, though, given little movement expected in NZ interest rates while the RBNZ is on hold this year and still falling dairy prices. We continue to target 0.8200 by year end."

EUR/JPY hiding at 137.00 pivot

EUR/JPY is consolidating right above 137.00 pivot. The cross is locked in a narrow 15-pips range in Asia
Read more Previous

GBP/USD lying low at 1.6621 ahead of MPC minutes

GBP/USD is trading in a narrow range with a slight bearish bias as the pair opened at 1.6726 in Asian ad settled at 1.6721 after touching the intraday low at 1.6714
Read more Next
Start livechat