NZD Focus: FXWW

From the FXWW Chatroom – Kiwi firmly in the range and resilient as recent times have told.. 6850 remains near term support and feels the market would need to lose confidence in our domestic picture before any meaningful selling commenced. For now the view (offshore at least) remains that NZ Inc is somewhat sheltered from the trade issues, monetary tightening and subsequent threat to global growth. We all know that story has limited shelf life, but for now prefer to play the NZD as a range trade. Inside range 6850-6920 and broader range 6750-7000.

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