Analysts at ANZ explained that the markets are brushing aside the latest threat of trade wars, even as the next G7 leaders meeting looms, with a positive risk-on tone providing the NZD with the fuel it needed to test higher.
Key Quotes:
“We think this move could have legs in the near-term, although don’t see it as a sustainable medium-term story.
Any strength towards the low-to-mid-70s level is something we would sell into.”
“Support 0.6880 Resistance 0.7060.”
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