Wednesday, September 23, 2015

NZD/USD neutral in the near-term – Westpac

FXStreet (Edinburgh) - The perspective for the pair in the very near term remains on the neutral camp, according to strategists at Westpac.

Key Quotes

“We switch from a negative to neutral stance for the week ahead. The sharp rebound in dairy prices and the Fed’s on-hold decision are significant NZD/USD supportive factors for the near term, a floor likely at 0.6245 but 0.6455 vulnerable”.

“Multiple spikes above 0.6400 have failed in September. Monday’s impulsive reversal is confirmed by short term momentum. Target new lows”.
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