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20 Aug 2013
Flash: NZD/USD could make a run up to 0.8200 – Westpac
FXstreet.com (New York) - Global FX Strategist Sean Callow at Westpac outlines the short-term outlook of the NZD/USD.
Key quotes
“The NZD/USD continues to consolidate its large decline in May/June, stuck inside a 0.7685-0.8135 range.”
“Near-term, the bounce since 5 Aug has energy and could run to 0.8200 during the week ahead. NZ data remains supportive so that any surprises to our view are likely to be US dollar-related.”
Key quotes
“The NZD/USD continues to consolidate its large decline in May/June, stuck inside a 0.7685-0.8135 range.”
“Near-term, the bounce since 5 Aug has energy and could run to 0.8200 during the week ahead. NZ data remains supportive so that any surprises to our view are likely to be US dollar-related.”