With the RBNZ set to deliver its Monetary Policy Statement this week, Morgan Stanley sees the New Zealand dollar recovering as growth stabilises.
Technically, NZD/USD is sitting right on the edge of its potential correction zone, holding above the recent 0.5485 low. A bounce into 0.5650–0.5700 is on the table if buyers protect this level. A clean break under 0.5485 could reopen downside risk.
AUD/NZD remains firmly in an uptrend. Price is consolidating above the 1.14 breakout, and the Fib circle projections from the chart point toward an extension into the 1.1650–1.1700 region if momentum builds.
Morgan Stanely expects the Australian dollar to keep outperforming. Stronger Australian data and higher migration flows continue to widen the gap between the two economies, favouring further gains in AUD/NZD.
Pour connaître la date et l’heure exactes de ces événements économiques majeurs, importez le BlackBull Markets Calendrier économique pour recevoir des alertes directement dans votre boîte aux lettres électronique.
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