NZD/USD: neutral Bias in the week ahead — Westpac

FXStreet — Imre Speizer, a market analyst at the Australian Westpac Bank, said that the trend for the NZD/USD in the coming week is neutral. The week closing price of the expert looks at 0,6900.

Important Quotes:

The currency stands between the fronts of a stronger US dollar on the one hand, and the strong new Zealand economic data on the other side. At the same time, the Overhang of short positions in the NZD significantly. In the past week, prices have been positive Surprises in consumer prices, labour market data and Milk.

A stronger new Zealand Dollar in the coming weeks would not be a Surprise. However, the US should be dollars able to (More-weeks-of-view) to test the area around 0,6800.

** FXStreet News Editorial, FXStreet**

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