Large banks: sell NZD/USD

Barclays: Sell Limit at 0.7182, Take Profit 0.7005, Stop Loss 0.7271

Credit Suisse: Sell Limit at 0.7140, Take Profit 0.7005, Stop Loss 0.7195

Analysts at Citigroup claim that NZD/USD may fall by 3%. The fall may be triggered by the release of the Reserve Bank of New Zealand’s economic assessment late on Thursday. Analysts at Credit Agricole, however, point out that the market has already priced in the RBNZ’s dovish comments, so the central bank needs to promise an August rate hike to maintain bearish trend in NZD/USD.   

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