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30 Jan 2018
NZD/USD braced for a bumpy week ahead - ANZ
Analysts at ANZ explained that one should brace for a potentially bumpy end to the week.
Key Quotes:
"Today’s focus will be offshore (Australian CPI and China’s activity indicators), where any downside surprises could weigh on the kiwi.
That said, despite Mnuchin reiterating support for a stronger USD and free FX markets, if President Trump’s State of Union speech continues to suggest a more pragmatic view on trade this should provide some support for NZD/USD.
Support 0.7300 Resistance 0.7350"