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4 Feb 2015
Long NZD/USD, target 0.7500 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team, suggests going long on NZD/USD to target 0.7500 levels, as improving risk appetite and a probable rise in oil prices might lead the pair to move higher.
Key Quotes
“Last hours were very interesting for the NZD traders. The NZD/USD rate fell strongly after a rate cut in Australia on Tuesday. However, the rebound in oil prices and Fonterra’s auction’s results were supportive for the NZD.”
“The NZD/USD rose to 0.7400 from yesterday’s low at 0.7177. The market was waiting, however, for dovish comments from RBNZ Governor Graeme Wheeler.”
“The expectations were fueled by recent monetary easing in Australia and Canada. Some market participants expected some hints about possible rate cut, which, in our opinion, was unlikely.”
“We are now NZD/USD long with the target at 0.7500.”
“We expect that possible further rise in oil prices and improving risk appetite after ECB’s QE announcement will be supportive for further rises of the NZD/USD.”
Key Quotes
“Last hours were very interesting for the NZD traders. The NZD/USD rate fell strongly after a rate cut in Australia on Tuesday. However, the rebound in oil prices and Fonterra’s auction’s results were supportive for the NZD.”
“The NZD/USD rose to 0.7400 from yesterday’s low at 0.7177. The market was waiting, however, for dovish comments from RBNZ Governor Graeme Wheeler.”
“The expectations were fueled by recent monetary easing in Australia and Canada. Some market participants expected some hints about possible rate cut, which, in our opinion, was unlikely.”
“We are now NZD/USD long with the target at 0.7500.”
“We expect that possible further rise in oil prices and improving risk appetite after ECB’s QE announcement will be supportive for further rises of the NZD/USD.”