NZD/USD: Range bound for now - ANZ

According to analysts at ANZ, the near-term picture for NZD/USD appears to be getting more clouded by the day as there are a number of cross-currents.

Key Quotes

“The threat of a broader bout of risk aversion would surely not be NZD positive, but failure for US tax reforms to progress would also dent the recent run in the USD. Range bound for now, but perhaps a break is building.”

“Support 0.6820 Resistance 0.6920”