NZD/USD is looking more neutral for the week ahead - Westpac

Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD is looking more neutral for the week ahead, a break outside 0.7035- 0.7265 required to signal medium term direction.

Key Quotes

“By year end we expect to see it lower at around 0.69, given the probable RBNZ cut/Fed hike combination.

The main headwinds in the near term are the looming RBNZ cut on 10 Nov, plus market pricing for a Fed Dec hike creeping higher. However the strong NZ economy offers justification for NZD buyers during bouts of global risk seeking.”