NZD focus: FXWW

From the FXWW Chatroom: We await offshore direction with NZDUSD more likely to be driven by USD this week (or AUD on Aus data)., Locally we do get the Truckometer on Wed but with the NZ economy broadly holding up well in the face of a spectrum change in government and the USD failing to really benefit from tax cuts/growth etc we will likely remain in our well-trod range. Offers expected around last week’s highs 7300 up to 7350 with additional interest expected from new shorts towards 7400. For those who managed to sell the rally last week we expect some trimming if we dip below 72 cents as trading ranges narrow from what we had earlier suggested.

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