According to Imre Speizer, analyst at Westpac, NZD/USD has been stuck in a 0.6250-0.6350 range during the past two weeks, but over that period the USD has weakened but NZD/USD has struggled to rally. Key Quotes “We suspect the looming RBNZ decision on 13 Nov is keeping the bulls at bay. RBNZ Dep. Gov. Bascand yesterday gave the strongest hint yet that it will probably cut then. At 100% priced, with a follow-up cut 80% priced, it does seem aggressive.” “Recent housing, commodity price, and inflation data (non-tradables has accelerated over the past year – see across) have been firmer than expected, suggesting the RBNZ has justification in remaining on hold after November.” “Multi-month, though, we remain bearish, targeting 0.6130 which was the 2015 low. We expect the NZD/USD to be weighed down by a stronger USD which should continue to benefit from trade wars and global risks.” 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/CAD slumps to multi-week lows below 1.3170 on broad USD weakness FX Street 4 years According to Imre Speizer, analyst at Westpac, NZD/USD has been stuck in a 0.6250-0.6350 range during the past two weeks, but over that period the USD has weakened but NZD/USD has struggled to rally. Key Quotes "We suspect the looming RBNZ decision on 13 Nov is keeping the bulls at bay. RBNZ Dep. Gov. Bascand yesterday gave the strongest hint yet that it will probably cut then. At 100% priced, with a follow-up cut 80% priced, it does seem aggressive." "Recent housing, commodity price, and inflation data (non-tradables has accelerated over the past year - see across) have been firmer… 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.
