Major Weakness Ahead Across The Board

Short-Term Outlook

The NZD looks to be forming a topping pattern which should give way to severe weakness in line with what we have seen in other commodity currencies in recent quarters. Stiff resistance stands at US$0.8500/NZD, which we expect to hold, while a break below US$0.8100/NZD would likely trigger intense selling pressure.

Core View

Impressive Run Nearing An End
New Zealand - NZD Trade Weighted Indices

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This article is tagged to:
Sector: Country Risk
Geography: New Zealand