The kiwi looks almost unstoppable in the wake of robust Q3 GDP data, further supported by risk appetite and commodity prices. Economists at ANZ Bank expect to New Zealand dollar to remain well-supported over the Christmas period. Key quotes “While we are cautious not to extrapolate the trend (that pace of growth simply isn’t sustainable) that’s a story for later, and for now the market has chalked up the data as yet another positive rebound indicator amid rising commodity prices, broad USD weakness, improving risk appetite and best-in-class fiscal flexibility. “We have seen some profit-taking in the last hours as bond yields have spiked higher, weighing on equities, but if we get a US fiscal deal and a Brexit deal before Christmas, there will be nothing stopping Kiwi.” “Typically, positive seasonality also supports the NZD over the holidays.” “Support 0.6970/0.6997 – Resistance 0.7171/0.7290” 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 Price Analysis: 200-HMA caps the bullish breakout near 1.2760 FX Street 2 years The kiwi looks almost unstoppable in the wake of robust Q3 GDP data, further supported by risk appetite and commodity prices. Economists at ANZ Bank expect to New Zealand dollar to remain well-supported over the Christmas period. Key quotes “While we are cautious not to extrapolate the trend (that pace of growth simply isn’t sustainable) that’s a story for later, and for now the market has chalked up the data as yet another positive rebound indicator amid rising commodity prices, broad USD weakness, improving risk appetite and best-in-class fiscal flexibility. “We have seen some profit-taking in the last hours… 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.
