The New Zealand dollar is under pressure from all sides and against many currencies. What’s in store for NZD/USD and AUD/NZD? Here are several opinions: Here is their view, courtesy of eFXnews: NZD: A Sell On Rallies Ahead Of A ‘Perfect Storm’ – ING ING FX Strategy Research argues that NZD/USD is a sell on rallies ahead of ‘perfect storm’ of rising yields & political risks. “With speculative markets still significantly net long NZD and signs of any political risk premium yet to reach extreme levels, we suspect a narrower focus on the 23 Sep elections could spell further weakness for NZD A US data-led recovery in $ sentiment could see NZD/$ temporarily undershoot our 0.71 forecast for 3Q17 – with a break of the 200-DMA (0.7130) supporting this view. Even worse, under a “perfect storm” of rising DM yields and greater domestic political uncertainty, we think NZD/USD could drop towards the 0.68-0.69 lows seen in 2017. Our view is that NZD looks a sell on rallies,” ING argues. NZD: AUD/NZD Divergence Trade Has Room To Extend Further – Nomura Nomura FX Strategy Research argues that NZD is likely to remain on the back foot, with outgoing RBNZ Governor Wheeler repeating the bank’s view that a lower currency “is needed”. In particular, Nomura thinks that NZD under-performance is likely to more expressed against AUD. “The divergence in the underlying momentum of the respective economies, adjustment in the ratio of commodity price baskets and shift in market sentiment over the medium-term outlook for monetary policy in Australia should keep AUD/NZD supported. On the AUD side, the partial data released so far point to a decent pick-up in Q2 GDP (released 6 September), and we think the RBA should continue to sound confident about the outlook but convey no urgency about raising rates,” Nomura argues. NZD: Market Appetite For NZD Long Likely Limited Ahead Of NZ General Election – Barclays Barclays Capital FX Strategy Research argues that impending political uncertainty ahead of the general election on 23 September 2017 will likely limit market appetite for NZD longs in the coming weeks, leading to near-term underperformance of the NZD as markets pare back long positions. “While political uncertainty is growing as polls show a narrowing gap, we think the negative impact on the NZD in the event of a government change will likely be limited ….The economic data calendar is light for Australia and New Zealand this week, and the currencies will likely be driven by external events, such as US NFP, Barclays adds. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam MinorsNZD/USD Forecast share Read Next What makes a successful trader – 5 traits Yohay Elam 4 years The New Zealand dollar is under pressure from all sides and against many currencies. What's in store for NZD/USD and AUD/NZD? Here are several opinions: Here is their view, courtesy of eFXnews: NZD: A Sell On Rallies Ahead Of A 'Perfect Storm' - ING ING FX Strategy Research argues that NZD/USD is a sell on rallies ahead of 'perfect storm' of rising yields & political risks. "With speculative markets still significantly net long NZD and signs of any political risk premium yet to reach extreme levels, we suspect a narrower focus on the 23 Sep elections could spell further weakness… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.