NZD/USD chart - Trading View
NZD/USD trades rangebound as the pair consolidates previous session's spike, outlook remains bullish.
Upbeat comments from RBNZ Governor Adrian Orr and the central bank’s acceptance of the New Zealand Finance Minister’s push for a change in policy guidelines favor kiwi bulls.
New Zealand’s Finance Minister Grant Robertson suggested that the RBNZ needs to consider the housing market and government policies for decision-making.
Antipodeans also buoyed by the current ongoing commodities super cycle. Bulls look for more risk catalysts for fresh impulse.
Technical studies support further upside. Price action has broken out of monthly cloud and is above 200 month MA.
GMMA indicator shows bullish trend. The pair is on track to test 61.8% Fib retracement at 0.7550.
