NZD/USD: Factors lining up to keep selling - ANZ

FXStreet (Bali) - Sam Tuck, FX Strategist at ANZ, notes that factors continue to line up to sell the Kiwi against the US Dollar.

Key Quotes

"Recent events continue to affirm our 24 July trade recommendation to sell NZD/USD targeting 0.82."

"Dairy prices have stabilised, but prices have flattened, implying downside risks remain."

"Political risks mean the election is not the fait accompli it once was."

"ANZ monthly inflation gauge validates markets move to reducing probabilities for RBNZ action."

"USD developments remain positive in line with ANZ’s ahead of consensus FOMC March lift off call."