New Zealand: NZD/USD is vulnerable while NZD/AUD should consolidate – Westpac

Market news

6 April 2020

New Zealand: NZD/USD is vulnerable while NZD/AUD should consolidate – Westpac

FXStreet reports that analysts at Westpac Institutional Bank take a look at the outlook of the kiwi against the US dollar and the Aussie.

“NZD/USD is vulnerable to falling below 0.5845 near-term USD remains strong amid global risk aversion.”

“NZD/AUD should consolidate around 1.0200 while market digests RBNZ QE, but should eventually retest 1.0000 as the Aussie is more sensitive to global sentiment.”

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