Imre Speizer, Research Analyst at Westpac, explains that NZD/USD remains stuck in a sideways range of 0.6690-0.6860, although there are glimmers of upside bias. Key Quotes “A break above 0.6860 would signal a move to the 0.6950-0.7050 area during the weeks ahead.” “An upside bias would be justified given speculator positioning (CFTC) is close to a record level of shortness.” “Multi-month, we remain bearish given NZ economic growth is slowing, NZ-US yield spreads should fall further, and the US dollar should rise further. We expect to see sub-0.6700 this year.” 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 Pres Trump on the Economy – Live Stream FX Street 5 years Imre Speizer, Research Analyst at Westpac, explains that NZD/USD remains stuck in a sideways range of 0.6690-0.6860, although there are glimmers of upside bias. Key Quotes "A break above 0.6860 would signal a move to the 0.6950-0.7050 area during the weeks ahead." "An upside bias would be justified given speculator positioning (CFTC) is close to a record level of shortness." "Multi-month, we remain bearish given NZ economic growth is slowing, NZ-US yield spreads should fall further, and the US dollar should rise further. We expect to see sub-0.6700 this year." 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.
