FXStreet (Bali) – According to ANZ, NZD/USD appears to be fairly priced and is likely to consolidate near term.
Key Quotes
“We see NZD/USD as fairly priced and likely to continue consolidating for now, although medium-term risks remain lower with our bullish USD bias intact. “
“However, it is likely to be a volatile consolidation as data releases come thick and fast this week.”
“NZD/AUD will be a key focus, with market expectations for a cut from the RBA heightened.”
“Despite our expectation that the RBA will ease further, we view this meeting as too early, and thus risks for NZD/AUD look temporarily skewed lower.”
(Market News Provided by FXstreet)