Market news
24.03.2021, 07:47

NZD/USD to free-fall as next support below 0.7000 is miles away – ANZ

FXStreet reports that ANZ Bank discusses NZD/USD prospects.

“Selling in the wake of Tuesday’s government housing policy announcements continued. The move has been decent and some might call it an over-reaction. However, given the role housing plays in shaping the growth outlook, the immediacy of the changes and the surprise removal of tax deductibility on interest, the adjustment seen is warranted given the implications for the OCR. We think a further downward adjustment in OCR expectations is likely over coming days.” 

“A break of 0.70 is a bad sign technically – the next support level below 0.70 is miles away.”

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