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- NZD/USD: Kiwi could be in for a torrid time – ANZ
NZD/USD: Kiwi could be in for a torrid time – ANZ
Kiwi price action remains defensive. Economists at ANZ Bank discuss NZD/USD outlook ahead of important data due out next week.
Next week is a big week
Next week we get NZ Q1 GDP and current account data. We expect tepid growth and an improved current account deficit respectively. Let’s hope we are right; if the former is soft or negative and the latter worsens, the Kiwi could be in for a torrid time.
Support 0.5750/0.5900/0.6085 Resistance 0.6365/0.6540.
See: NZD/USD to appreciate over 2023 as the US debt-ceiling deal gets through Congress – ANZ
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