Analysts at Westpac offered a brief outlook for the NZD/USD pair, which managed to regain positive traction on Monday and held steady just below last week’s swing high. Key Quotes: “NZD/USD momentum remains positive, targeting 0.6470 during the week ahead. Fundamentals have been supportive recently: stronger housing and inflation data, rising NZ-US yield spreads thanks to the RBNZ’s less dovish outlook, and rising commodity prices over the past two months. Dairy prices have been a major part of the commodities story. Notably, whole milk powder is at a four-year high, with demand (China has dominated) and supply (globally tight) both contributing.” 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 CFTC Positioning Report: JPY net shorts kept climbing FX Street 2 years Analysts at Westpac offered a brief outlook for the NZD/USD pair, which managed to regain positive traction on Monday and held steady just below last week's swing high. Key Quotes: "NZD/USD momentum remains positive, targeting 0.6470 during the week ahead. Fundamentals have been supportive recently: stronger housing and inflation data, rising NZ-US yield spreads thanks to the RBNZ's less dovish outlook, and rising commodity prices over the past two months. Dairy prices have been a major part of the commodities story. Notably, whole milk powder is at a four-year high, with demand (China has dominated) and supply (globally tight) both… 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.
