In view of Imre Speizer, analyst at Westpac, NZD/USD appears to be in a corrective bounce, following a 5c fall to 0.6269 (lowest since 2015). Key Quotes “An end target for this bounce would be the 0.6400-0.6500 area, after which a resumption of the decline is expected towards 0.6200.” “Fundamentals will continue to weigh on the NZD. GDP data in two weeks’ time should confirm the economic slowdown in NZ. And at its 25 Sep meeting the RBNZ will probably repeat its signal for another rate cut (for November, we expect).” “In addition, the defensive USD should remain elevated amid the global slowdown and business uncertainty.” “The main risks to our bearish NZD view are from offshore, such as the Fed lowering its rate by more than the 75bp we expect this year (or signals such) and hurting the USD.” 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 USD/JPY builds on Wednesday’s gains, trades above 106.50 ahead of US data FX Street 4 years In view of Imre Speizer, analyst at Westpac, NZD/USD appears to be in a corrective bounce, following a 5c fall to 0.6269 (lowest since 2015). Key Quotes "An end target for this bounce would be the 0.6400-0.6500 area, after which a resumption of the decline is expected towards 0.6200." "Fundamentals will continue to weigh on the NZD. GDP data in two weeks' time should confirm the economic slowdown in NZ. And at its 25 Sep meeting the RBNZ will probably repeat its signal for another rate cut (for November, we expect)." "In addition, the defensive USD should remain elevated amid… 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.
