NZD crosses in a technical snapshot – ANZ

FXStreet (Barcelona) - The ANZ Team gives the technical snapshot and the key drivers for NZD crosses.

Key Quotes

“NZD/USD: Expect a quiet day for the USD, with the US out for President’s Day.
Expected range: 0.7400– 0.7540.”

“NZD/AUD: This week attention is on NZ data with retail sales, GlobalDairyTrade and consumer confidence the key releases to watch.
Expected range: 0.9560 – 0.9640”

“NZD/EUR: A positive surprise from European Q4 GDP on Friday was driven by Germany, Italy, and Portugal. France and Greece lagged as one might expect, but all in all, there are positive signs from Europe on the economic front.
Expected range: 0.6500 – 0.6570”

“NZD/JPY: The BoJ on Wednesday this week has potential to drive this cross. However, the BoJ has recently expressed concern that further yen weakness would be counter-productive.
Expected range: 88.00 – 89.10”

“NZD/GBP: The two dissenting BoE members were back on form warning of rate rises. Both Broadbent and Weale reiterated the next move is higher with Weale stating “somewhat earlier than market participants currently expect”.
Expected range: 0.4810 - 0.4870”