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NZD/USD: Support is not far away – ANZ

The USD ignored soft data. New Zealand faces struggles but private debt aside, is going into this crisis with a decent hand: low government debt, food production capacity, island borders, and a tech-connected population, per ANZ Bank.

Key quotes

“NZD/USD has continued to drift as the USD has strengthened even in the face of appalling data, not that data is the focus at the moment.”

“New Zealand has a real shot at containing COVID-19 whereas it has gotten away in the US (and elsewhere).” 

“Exports continue to hold up suggesting the Kiwi will hold up okay, even if it’s not a ‘risk on’ environment. Support is not far away and if broken, spells some exploration lower.”

“Support 0.5830 Resistance 0.6000”

 

GBP/USD: Prospects for the resumption of the bearish trend

GBP/USD set-up seems tilted in favour of bears and supports prospects for a further slide, Haresh Menghani, an analyst at FXStreet, informs. Key quote
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EUR/USD: Bears remain in control

EUR/USD has been edging higher amid encouraging coronavirus developments in Europe but Monday's four-hour chart remains bearish, FXStreet’s analyst Yo
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