NZD/USD: like the All Blacks, seeking out the try line

By FXStreet FXStreet (Guatemala) – NZD/USD is currently trading at 0.6780 with a high of 0.6785 and a low of 0.6729.

NZD/USD is fittingly bid after the All Blacks‘ World Cup Rugby victory over the weekend with the bird taking a victory flight in the same fashion as Dan Carter‘s stunning dropkick above the 200 SMA cross-bar through the hourly sticks.

However, unlike the All Blacks, the perpetuation of the cloud nine sensations of such a victory in the economy may only last so long and may even be shorter lived through the price of the bird as we press on and get back to the training ground while looking forward again with the challenges that lie ahead for the RBNZ seeking a lower exchange rate.

China may continue to bring on the heat at the break-downs for the RBNZ as they try to emerge from the scrummages with the ball in hand without displaying any knock on’s as they battle to keep the line of inflation straight and elevated at the line outs.

Each time they come to meet on their interest rate decision at the set pieces will be key while trying to keep the exchange rate onside, potentially helped along …read more

Source:: FX Street