NZD/USD bulls to challenge higher time frame bears By ross_burland NZDUSD Currencies DollarIndex Technical Analysis
A quiet start to the week, a time to reflect on both domestic ad offshore fundamentals. is firm at the start of a new week and has eyes on the weekly targets towards 0.67 the figure. At 0.6630, the pair is trading 0.28% higher on the day towards a critical target on the longer-term time frames, as illustrated below.
''FX markets have generally been pretty tame since Friday, and that was despite much stronger-than-expected US data that rattled bonds,'' analysts at ANZ Bank explained. ''This is a quiet week for domestic data, with mostly second-tier data. But US CPI could causeFor an insight into what is to be expected in the data, analysts at TD securities explained, ''Core, as well as total prices likely, slowed on an m/m basis, with the pace still fairly strong.
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