The NZD/USD is a touch higher supported by the rally in the NZD/AUD following the RBA's decision to cut the cash rate by 25 bps, says Tim Kelleher, ASB's Head of FX Institutional Sales New Zealand; "I assume we will see the Kiwi-Aussie cross rally back to 0.8050." He adds that the NZD/USD is likely to come under pressure overnight as the AUD/USD moves lower. The NZD/AUD is at 0.8041 vs 0.7991 prior to the RBA decision. The NZD/USD is at 0.8290 vs 0.8288 prior to the rate cut. Kelleher tips support for the NZD/USD in a 0.8225-0.8250 band with resistance in the 0.8300-0.8325 band.
Find us on Google+
No comments:
Post a Comment