NZD/USD remains stuck in a sideways range of 0.6690-0.6860 and RBNZ pricing remains subdued, according to David Goodman, Head of Macro Strategy at Westpac. Key Quotes “Markets are primed for a neutral to dovish statement and extended short positioning suggests an upside bias on NZD is possible.” “Nevertheless, longer term, we remain bearish given NZ economic growth is slowing, falling NZ-US yield spreads, and the USD 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 Gold Technical Analysis: Stages a solid rebound from 13-month lows FX Street 5 years NZD/USD remains stuck in a sideways range of 0.6690-0.6860 and RBNZ pricing remains subdued, according to David Goodman, Head of Macro Strategy at Westpac. Key Quotes "Markets are primed for a neutral to dovish statement and extended short positioning suggests an upside bias on NZD is possible." "Nevertheless, longer term, we remain bearish given NZ economic growth is slowing, falling NZ-US yield spreads, and the USD 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.
