The NZD/USD pair fell 0.5% to 0.7158 on Monday, below 0.7184 or its end-2020 level for a fourth straight session, and economists at DBS bank expect the kiwi to slide towards the 0.7000 level in the coming months. Key quotes “Technically, NZD/USD has been capped at 0.72 but needs to take out its 0.7130 support (50-DMA) before it can test 0.71 or January’s lows again.” “Ironically, the NZD’s rally stalled after expectations increased for inflation to rise towards the official 2% target by mid-year. The Reserve Bank of New Zealand may, at its meeting on 24 February, rule out more rate cuts.” “The Ministry of Health is concerned that the new EU controls on COVID-19 vaccine exports could slow New Zealand’s pandemic response.” 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/USD Price Analysis: Further weakness could re-visit 1.2000 FX Street 1 year The NZD/USD pair fell 0.5% to 0.7158 on Monday, below 0.7184 or its end-2020 level for a fourth straight session, and economists at DBS bank expect the kiwi to slide towards the 0.7000 level in the coming months. Key quotes “Technically, NZD/USD has been capped at 0.72 but needs to take out its 0.7130 support (50-DMA) before it can test 0.71 or January’s lows again.” “Ironically, the NZD’s rally stalled after expectations increased for inflation to rise towards the official 2% target by mid-year. The Reserve Bank of New Zealand may, at its meeting on 24 February, rule out more… 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.
