NZDUSD is now in an established uptrend channel – ANZ NZDUSD Banks
ended the session on Friday yet another notch higher, coming to rest above 0.61, to round out a gain of over two cents over the week. Economists at ANZ Bank note that NZDUSD is now in an established uptrend channel.“Although domestic data and considerations aren’t really playing a role, the Kiwi should at least benefit from having the highest bond yields in the G10, and what looks like a fair degree of economic resilience.
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