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Nov 27 - 10:55 AM

NZD/USD: Staying Bullish; Dips A Buy - Credit Suisse

By eFXdata  —  Nov 27 - 09:15 AM

Credit Suisse likes buying NZD/USD on dips over the coming weeks.

"Our bullish stance on NZD, which is up 6% in November, has been based on the idea that the NZ rate outlook will re-price higher as the pandemic story fades and as political focus moves more singularly onto house prices," CS notes. 

"Although NZDUSD has now reached our initial target and now meets resistance around 0.70, the broad thrust of the political economy in New Zealand combined with our constructive views on global re-opening suggest “buy dips” view is still appropriate," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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