NZD/USD fairly priced, consolidation eyed – ANZ

By FXStreet FXStreet (Bali) – According to ANZ, NZD/USD appears to be fairly priced and is likely to consolidate near term.

Key Quotes

“We see NZD/USD as fairly priced and likely to continue consolidating for now, although medium-term risks remain lower with our bullish USD bias intact. “

“However, it is likely to be a volatile consolidation as data releases come thick and fast this week.”

“NZD/AUD will be a key focus, with market expectations for a cut from the RBA heightened.”

“Despite our expectation that the RBA will ease further, we view this meeting as too early, and thus risks for NZD/AUD look temporarily skewed lower.”
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Source:: FX Street