NZD/USD to advance nicely towards 0.66 during the week ahead – Westpac
In the view of analysts at Westpac, kiwi’s April low at 0.6217 is potentially a launchpad to much higher levels. They target the 0.66 area during the week ahead.
Targeting 0.70 by year-end
“NZD/USD made a tentative bottom at 0.6217 on 12 May, but it’s not yet clear that will be the launching pad for a run to our year-end target of 0.7000.”
“Near term, we do remain bullish, particularly given the RBNZ’s more hawkish posture which was revealed yesterday. We target 0.66 during the week ahead.”
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.