The kiwi trades at 0.6580, up 0.06% on a day, after breaking the 0.6575 resistance as USD languishes. According to ANZ Bank’s economists, NZD/USD price action looks bullish and set the next target at the January 1 high of 0.6756. Key quotes “The Kiwi is on a real winning streak, rallying on the coat-tails of EUR, GBP and CAD (i.e. generalised USD weakness) as opposed to equity strength. Nonetheless, it’s still a global rather than local story, and we don’t expect the NZD to carve out its own niche until we see structural changes, which is where the RBNZ’s suggestion that it might start foreign asset purchases comes in, possibly in August. Until then (or something really big locally comes along) we will blindly follow equities.” “Having broken through resistance at 0.6575, the next technical target is the January 1st high of 0.6756. Wow!” 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 retreats from daily highs around 1.1370 FX Street 3 years The kiwi trades at 0.6580, up 0.06% on a day, after breaking the 0.6575 resistance as USD languishes. According to ANZ Bank’s economists, NZD/USD price action looks bullish and set the next target at the January 1 high of 0.6756. Key quotes “The Kiwi is on a real winning streak, rallying on the coat-tails of EUR, GBP and CAD (i.e. generalised USD weakness) as opposed to equity strength. Nonetheless, it’s still a global rather than local story, and we don’t expect the NZD to carve out its own niche until we see structural changes, which is where the RBNZ’s suggestion… 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.
