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Forex Flash: NZD/USD, relatively better Kiwi landscape - ANZ

By FXstreet.com,  June 12, 2012, 04:25:00 PM EDT

FXstreet.com (Barcelona) - The Kiwi is the topping the board this Tuesday as risk takers make a come back. The pair is currently at 0.7775, with main focus now on Thursday's RBNZ monetary policy statement and interest rate review.

According to ANZ FX Strategist Alex Sinton: "Attempts to claim higher levels will be supported by global demand and news that China may cut import tariffs on meat and dairy products (amongst others) to meet rising demand are likely to assist the general acceptance of a relatively better NZD landscape."

Alex Sinton suggests support at 0.7715 should hold, while resistance at 0.7815 should be the one tough to break.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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