17 Oct 2013
Flash: NZD/USD could see extension to 0.8510 near term - BNZ
FXstreet.com (Barcelona) - The Asian calendar will be dominated by the ANZ consumer confidence numbers for NZ and quarterly NAB business confidence for Australia, two indicators not expected to be market moving, notes BNZ Strategists.
Key Quotes
"However, positive readings may provide more fuel for a market that wants to take the AUD/USD and NZD/USD higher. Investors will also be on the lookout for the vote on the US debt plan, due sometime in the early evening NZ time."
"If the bill passes, we’d expect some additional (small) knee-jerk gains for the NZD/USD. A break through resistance at 0.8440 could see an extension to 0.8510 in coming sessions. Near-term dips should be limited to support 0.8385."
Key Quotes
"However, positive readings may provide more fuel for a market that wants to take the AUD/USD and NZD/USD higher. Investors will also be on the lookout for the vote on the US debt plan, due sometime in the early evening NZ time."
"If the bill passes, we’d expect some additional (small) knee-jerk gains for the NZD/USD. A break through resistance at 0.8440 could see an extension to 0.8510 in coming sessions. Near-term dips should be limited to support 0.8385."