NZD/USD: Headed back above 0.70 in the near-term - ANZ

Analysts at ANZ suggest that positioning continued to push the NZD higher overnight with a test of topside resistance possible today.

Key Quotes

“The passing of US tax reform and other political developments (i.e. keeping the US government open) remain wild cards, otherwise seasonal trends suggest the NZD/USD could be headed back above 0.70 in the near-term.”

“Support 0.6850 Resistance 0.6950”