NZD/USD remains supported by global risk sentiment, weaker USD, relative New Zealand’s economic and COVID outperformance and higher NZ commodity prices. Analysts at Westpac stay biased slightly higher on the kiwi, targeting 0.6750. Key quotes “NZD/USD’s break above 0.6600 has been maintained but it hasn’t made much additional headway and thus remains only slightly biased to the upside. Multi-month, though, we remain bullish, targeting 0.6750.” “The fundamental backdrop remains supportive: trend decline in the USD, global demand for risky assets, unprecedented fiscal and central bank stimulus, NZ economic (and COVID management) outperformance, and China’s recovery boosting demand for NZ commodities.” 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 bounces off daily lows, holds steady above mid-105.00s FX Street 2 years NZD/USD remains supported by global risk sentiment, weaker USD, relative New Zealand’s economic and COVID outperformance and higher NZ commodity prices. Analysts at Westpac stay biased slightly higher on the kiwi, targeting 0.6750. Key quotes “NZD/USD’s break above 0.6600 has been maintained but it hasn’t made much additional headway and thus remains only slightly biased to the upside. Multi-month, though, we remain bullish, targeting 0.6750.” “The fundamental backdrop remains supportive: trend decline in the USD, global demand for risky assets, unprecedented fiscal and central bank stimulus, NZ economic (and COVID management) outperformance, and China’s recovery boosting demand for NZ commodities.”… 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.
