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Aug 01 - 01:24 PM
NZD/USD: Looking To Use Strength Into 200d- MA At 0.7060 To Average Into M/T Shorts - ANZ
First appeared on eFXplus on Aug 01 - 09:40 AM

ANZ Research discusses NZD/USD outlook and adopts a sell-on-rallies strategies in the medium-term.

"Our views for the NZD have become a more nuanced.

We retain a bearish medium-term outlook (and the drivers of that are unchanged), but see potential for some near-term reprieve. 

We’d use any strength (particularly up towards the 200-day moving average at 0.7060) to average into short positions," ANZ argues. 

ANZ Research/Market Commentary


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