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11 May 2015
NZD/USD remains a short for 0.7010 – ANZ
FXStreet (Barcelona) - Sam Tuck, analyst at Australia and New Zealand Banking Group Limited (ANZ), gives their trade setup for NZD/USD, and maintaining a bearish view on the kiwi.
Key Quotes
“We add a short NZD/USD trade recommendation entry of 0.7405 and targeting a new low of 0.7010, and a stop loss of 0.7610. We expect the NZD to underperform into the 11 June RBNZ meeting.”
“This is in addition to our long AUD/NZD trade recommendation – initiated 23 April at 1.0230, which we are happy to let run.”
Key Quotes
“We add a short NZD/USD trade recommendation entry of 0.7405 and targeting a new low of 0.7010, and a stop loss of 0.7610. We expect the NZD to underperform into the 11 June RBNZ meeting.”
“This is in addition to our long AUD/NZD trade recommendation – initiated 23 April at 1.0230, which we are happy to let run.”