Analysts at ANZ Bank New Zealand Limited (“ANZ”) explained that tt has been one-way traffic for the NZD of late as support levels give way on the back of a stronger USD. Key Quotes: “There were some hints of stabilisation before the New York close, and the PBoC RRR cut may help to support risk in the near-term.” “However, it still feels like an environment where rallies will be sold into”. “Support 0.6350 Resistance 0.6480″ “There will be some interest in the Chinese services PMI figures, but they will only likely serve as a modest distraction to how the weakness in US fixed income markets is impacting global risk assets.” “RATES: The local rates market has largely been a bystander in the US fixed income rout. Unless there is a large reassessment of allocations by global asset managers (which we are not expecting at this stage), then we expect the market here to continue to outperform.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US making moves to further isolate China – Financial Times FX Street 4 years Analysts at ANZ Bank New Zealand Limited ("ANZ") explained that tt has been one-way traffic for the NZD of late as support levels give way on the back of a stronger USD. Key Quotes: "There were some hints of stabilisation before the New York close, and the PBoC RRR cut may help to support risk in the near-term." "However, it still feels like an environment where rallies will be sold into". "Support 0.6350 Resistance 0.6480" "There will be some interest in the Chinese services PMI figures, but they will only likely serve as a modest distraction to how the… Regulated 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.
