Updated NZD/USD view – to spend time under 0.64 in the month ahead, higher in H2 (0.70+)

This via Westpac on the New Zealand dollar ahead: Potential for further weakness during the month ahead below 0.6400, with the USD retaining potential for further gains. The Fed quashed talk of 75bp hikes, but does expect two more 50bp hikes and then 25bp moves in a path to neutral or beyond, and that should be USD supportive near term. In H2 though, the Fed story should be fully priced, and commodities will again dominate, pushing the NZD above 0.7000. Weekly NZD/USD candles:

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