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11 Mar 2015
NZD/USD: On the way to Feb lows and beyond?
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7200 with a high of 0.7293 and a low of 0.7191.
NZD/USD is awaiting the RBNZ decision. However, the consensus is for steady rates at 3.5%, but a small handful is looking for a cut, as noted by analysts at Brown Brothers Harriman. " Of the 16 analysts polled by Bloomberg, 2 see a 25 bp cut to 3.25%. However, many are looking for a cut later this year, just not today." Technically, the pair is heading towards Feb lows of 0.7176 lows and beyond that there is the 0.7108 March 2011 low and a great deal of congestion which could offer some solid support regardless of the RBNZ's action today.
NZD/USD is awaiting the RBNZ decision. However, the consensus is for steady rates at 3.5%, but a small handful is looking for a cut, as noted by analysts at Brown Brothers Harriman. " Of the 16 analysts polled by Bloomberg, 2 see a 25 bp cut to 3.25%. However, many are looking for a cut later this year, just not today." Technically, the pair is heading towards Feb lows of 0.7176 lows and beyond that there is the 0.7108 March 2011 low and a great deal of congestion which could offer some solid support regardless of the RBNZ's action today.