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- NZD/USD to continue marching forward fueled by higher and steeper NZGB yield curve - ANZ
NZD/USD to continue marching forward fueled by higher and steeper NZGB yield curve - ANZ
FXStreet reports that economists at ANZ Bank expect the kiwi to see another leg higher with the next resistance seen at the 0.7170-mark.
“Generalised USD weakness ahead of key US jobs data (which has the potential to shift sentiment on surprises) played a role. That said, the kiwi has been one of the better performers and is approaching, or has broken, key levels on a number of crosses.”
“The local Delta outbreak remains a key concern, but markets are doing their level best to look through it, and continue to take the view that there is still light at the end of the tunnel even with ~50 new cases a day.”
“The higher and steeper NZGB yield curve is also giving the NZD a bit of a tailwind.”
“Support 0.6800/0.6960 Resistance 0.7170/0.7215/0.7310.”
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