NZD/USD: back above 74 cents - ANZ

Analysts at ANZ noted the recent themes within NZD/USD.

Key Quotes:

"With correlations shifting again, and FX markets taking their cues from equities as opposed to rates, the USD continues to languish, sending kiwi briefly above 74 cents. 

We don’t believe this thematic will last, but it is hard to stand in its way right now. That said, with US and Chinese holidays nearing, perhaps the market will pause for breath. Support 0.7180 Resistance 0.7420."