Analysts: NZD/USD prospects
On Thursday NZD/USD is consolidating in the $0.7935/85 range, holding slightly below the yesterday’s peak of $0.8000.
ANZ: The broader bias remains towards downside retracements to $0.7550 and potentially the $0.7335-50 area after an interim consolidation. A near term close above $0.7950 should merely allow for further consolidation before the next slide develops towards those longer term retracement levels.
Westpac: We adopt a cautious bearish stance towards NZD/USD and require a break below $0.7685 to confirm to us that the NZD is indeed resuming its multi-month slide towards $0.7200.
Chart. H4 NZD/USD