Thursday, 27 December 2012

Fiscal Cliff Main Driver For NZD/USD, AUD/USD -ANZ

Direction in the NZD/USD and the AUD/USD is "going to be dictated by what's happening externally with the fiscal cliff," says ANZ Bank Foreign Exchange Manager Murray Hindley. The NZD/USD is at 0.8173 versus 0.8223 late Monday prior to the two-day Christmas holiday. Hindley says it has support at 0.8150 where there is some interest from exporters, and resistance at 0.8190-0.8200. The AUD/USD is at 1.0363 versus 1.0392 late Monday. Hindley puts support at 1.0350 and resistance around 1.0390-1.0400.

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