USD weakness was the clear overnight theme but looks to be on borrowed time. Analysts at ANZ Research expect NZD rallies to be capped. NZD/USD is trading at 0.634. Key quotes “NZD/USD held steady around 0.63 overnight as the USD headed south on its own COVID-19 journey. Recent USD weakness is justified given the rapid fall in rates there, but NZ has some catching up to do on that front.” “We see the terminal OCR settling below the terminal FF rate; markets are pricing it the other way around. The NZD is also the main shock absorber in an adverse global scenario.” “Support 0.6220 Resistance 0.6360” 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 GBP/USD rises to 1-1/2 week tops, bulls eyeing a move towards 1.30 mark FX Street 3 years USD weakness was the clear overnight theme but looks to be on borrowed time. Analysts at ANZ Research expect NZD rallies to be capped. NZD/USD is trading at 0.634. Key quotes “NZD/USD held steady around 0.63 overnight as the USD headed south on its own COVID-19 journey. Recent USD weakness is justified given the rapid fall in rates there, but NZ has some catching up to do on that front.” “We see the terminal OCR settling below the terminal FF rate; markets are pricing it the other way around. The NZD is also the main shock absorber in an adverse… 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.
