NZD/USD to reach the 0.72 level by the end of the second quarter - TDS
14.04.2021, 13:49

NZD/USD to reach the 0.72 level by the end of the second quarter - TDS

FXStreet reports that the NZD is leading the G10 pack against the USD after the Reserve Bank of New Zealand (RBNZ) delivered as expected overnight. The kiwi has made a clean break to a fresh trading range, but a crowded technical landscape ahead could slow further progress. That said, the NZD continues to trade at a significant discount to its short-term drivers, as Ned Rumpeltin, European Head of FX Strategy at TD Securities, notes.

“NZD/USD made a clean break above resistance at the 0.7070 level in the aftermath of the policy decision. The pair has since gravitated toward the next natural attractor around the 0.7100/25 zone. This area had served as a fairly effective floor for much of the first quarter this year. It will be interesting to see if spot can hold onto these gains as the move looks a bit overdone relative to the strength of its catalyst.” 

“We note the NZD continues to trade at a significant discount to its short-term drivers. This has been the case for some time and the gap has started to narrow since its extremes in March. That said, plenty of room remains before we would start to lean the other way on a valuation basis. Looking higher, potential price action faces an area of considerable congestion on the charts from the first few months of the year. In the absence of a clear positive catalyst, the kiwi could face a fairly tough slog from current levels.” 

“With an eye on our end-Q2 forecast of 0.72 for NZD/USD, we think further progress to the upside may be more of a grind at this stage.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik