Back
2 Mar 2018
NZD/USD: further squeeze higher is possible today - ANZ
Analysts at ANZ noted that the Kiwi didn’t quite get down and test key 200-day moving average support (at 0.7176), and has bounced on weaker USD sentiment.
Key Quotes:
"A further squeeze higher is possible today, although we would be looking to fade moves up above 73 cents.
Support 0.7180 Resistance 0.7420."