NZD/USD looks neutral for the week ahead - Westpac

Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD has negated recent bearish technical signals, helped by the stall in the USD rally.

Key Quotes

“NZD/USD looks neutral for the week ahead but could rise to the 0.72-0.74 area during the month ahead if the USD remains stalled.”

“The NZ macroeconomic backdrop remains clearly supportive, while valuation models suggest it’s about 3c too low currently.”