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Trading news
6 Apr 2020
New Zealand: NZD/USD is vulnerable while NZD/AUD should consolidate – Westpac
Analysts at Westpac Institutional Bank take a look at the outlook of the kiwi against the US dollar and the Aussie.
Key quotes
“NZD/USD is vulnerable to falling below 0.5845 near-term USD remains strong amid global risk aversion.”
“NZD/AUD should consolidate around 1.0200 while market digests RBNZ QE, but should eventually retest 1.0000 as the Aussie is more sensitive to global sentiment.”