NZD/USD ended last week just above 0.61, having started on Monday at 0.5925 and climbing above 0.6150 at one point. Now, the kiwi is consolidating around 0.61 and enjoying being bathed in liquidity, analyst at ANZ Bank informs. Key quotes “Extraordinary levels of liquidity are the proximate driver, and conceptually, there are arguably as many reasons to be bullish (we’ve beaten COVID-19, commodity prices are holding up, risk appetite has rebounded quickly) as there are to be bearish (tourism was a big piece of the economy and it’s now gone, our yields are lower than the US and Australia’s, negative rates may be coming, risk sentiment could sour at any time).” “Support 0.5850 Resistance 0.6170” 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 Cryptocurrency Market News: How impending “cold war” between the US and China could see Bitcoin and gold rally? FX Street 3 years NZD/USD ended last week just above 0.61, having started on Monday at 0.5925 and climbing above 0.6150 at one point. Now, the kiwi is consolidating around 0.61 and enjoying being bathed in liquidity, analyst at ANZ Bank informs. Key quotes “Extraordinary levels of liquidity are the proximate driver, and conceptually, there are arguably as many reasons to be bullish (we’ve beaten COVID-19, commodity prices are holding up, risk appetite has rebounded quickly) as there are to be bearish (tourism was a big piece of the economy and it’s now gone, our yields are lower than the US and Australia’s, negative… 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.
