NZD/USD is back in the mid-0.63s. Economists at ANZ Bank expect the pair to remain elevated.
Markets look to fade USD strength
“Enthusiasm for the AUD (and NZD) is high as markets look to dampen the strength of the USD, with investors minding the possibility of an opening to last year’s extraordinary gains in the USD (which we see as around 10% richer than fair value in DXY terms).”
“Data will be key again this week if it is to be a USD fade that helps Kiwis, with US CPI data out on Thursday morning NZ time.”
“Support 0.5750/0.5900/0.6085 Resistance 0.6365/0.6540”
