NZD/USD retains downward momentum, this week helped by the resumption of US-China trade war headlines and a test of 0.6700 is possible, according to Imre Speizer, Research Analyst at Westpac. Key Quotes “That said, it’s hard to get too bearish in the near term, since CPI data should show a sharp rebound in inflation. In addition, speculator positioning (CFTC) is the third shortest on record. These two factors argue for 0.6700 to hold over the next week or two.” “Over the next few months, though, we remain negative, and expect 0.6700 to break. The stronger USD, unattractive NZ-US yield spreads, and slower NZ economy, should all help to push NZD/USD lower 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 EUR futures: U-turn on the cards? FX Street 5 years NZD/USD retains downward momentum, this week helped by the resumption of US-China trade war headlines and a test of 0.6700 is possible, according to Imre Speizer, Research Analyst at Westpac. Key Quotes "That said, it's hard to get too bearish in the near term, since CPI data should show a sharp rebound in inflation. In addition, speculator positioning (CFTC) is the third shortest on record. These two factors argue for 0.6700 to hold over the next week or two." "Over the next few months, though, we remain negative, and expect 0.6700… 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.
