NZD/USD: still on 'Struggle Street'  - ANZ

Analysts at ANZ explained that NZD/USD is still on “Struggle Street” just below the key 0.7300 level that has been a tough nut to crack sustainably. 

Key Quotes:

"We think it continues to struggle here, notwithstanding the potential for USD moves to produce some oddity. Remember there is more key US data tonight (core PCE deflator). 

Solid ANZ Business Confidence is a reminder that the Kiwi deserves respect, and to be fair, we estimate fair value to be ~0.73. But the tone of US/UK/Europe central banks is changing and that is likely to start favouring the majors. NZD is looking toppy here."