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23 Apr 2015
NZD/USD: Will be driven by sentiment, currently bearish
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7636 with a high of 0.7667 and a low of 0.7635.
NZD/USD has lost all of the ground that it made yesterday on the bid and has been punished in a volatile market yet again overnight, taking us in to very negative territory and a break of these levels that are currently being tested put the bird in to potential free fall for the a test of the 0.76 handles resilience.
Fundamentally, analysts at Westpac Banking Group noted that there’s another important NZ event this week. "RBNZ Asst. Gov. McDermott’s speech on inflation on Thursday, but don’t expect any monetary policy signals with an RBNZ OCR Review scheduled for 30 April. The US data calendar is mostly lightweight, and there are no Fed speeches. So NZD/USD will be driven mainly by sentiment."
NZD/USD has lost all of the ground that it made yesterday on the bid and has been punished in a volatile market yet again overnight, taking us in to very negative territory and a break of these levels that are currently being tested put the bird in to potential free fall for the a test of the 0.76 handles resilience.
Fundamentally, analysts at Westpac Banking Group noted that there’s another important NZ event this week. "RBNZ Asst. Gov. McDermott’s speech on inflation on Thursday, but don’t expect any monetary policy signals with an RBNZ OCR Review scheduled for 30 April. The US data calendar is mostly lightweight, and there are no Fed speeches. So NZD/USD will be driven mainly by sentiment."