The further breach of 0.7000 leaves NZD/USD at risk of sliding towards 0.6800. Longer term, though, economists at Westpac forecast the kiwi at 0.7500 by mid-year. Key quotes “The downward correction could extend as far as 0.6800 over the next few weeks. Beyond that, we retain a cautious bullish stance.” “We continue to expect global risk sentiment to remain elevated; supported by unprecedented central bank and government stimulus, as well as vaccine developments. Commodity currencies should strengthen in that environment.” “Interim resistance is likely between 0.7010-40.” “NZD/USD targets 0.7500 by June.” 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 EUR/USD to slide into the 1.1695/00 band – Commerzbank FX Street 8 months The further breach of 0.7000 leaves NZD/USD at risk of sliding towards 0.6800. Longer term, though, economists at Westpac forecast the kiwi at 0.7500 by mid-year. Key quotes "The downward correction could extend as far as 0.6800 over the next few weeks. Beyond that, we retain a cautious bullish stance." "We continue to expect global risk sentiment to remain elevated; supported by unprecedented central bank and government stimulus, as well as vaccine developments. Commodity currencies should strengthen in that environment." "Interim resistance is likely between 0.7010-40." "NZD/USD targets 0.7500 by June." 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.
