NZDUSD Interest Rate May Spur Demand

NZDUSD Interest Rate May Spur Demand

4 August 2014, 05:43
Zheng He
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 NZDUSD is starting to approach and eventually touch and test the trend line for the third time. With the RBNZ announcing an interest rate hike, this may spur demand in the NZD. However, the USD still remains strong despite an expectations miss of Friday's NFP results. Overall, NZD is still in an uptrend. Just make sure swaps don't eat away into your longs. 

 

 

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