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.
Para saber a data e a hora exatas desses eventos econômicos importantes, importe o BlackBull Markets Calendário Econômico para receber alertas diretamente em sua caixa de entrada de e-mail.
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
