NZD/USD: has found a meanwhile bottom/support for now - ANZ

Analysts at ANZ Bank New Zealand Limited argued that the NZD looks to have found a level of support for now.

Key Quotes:

The NZD looks to have found a level of support for now which is not overly surprising given some short-term technical indicators had reached oversold territory (as they had for many currencies against the USD). With a relatively quiet domestic and international data calendar this week, we suspect further consolidation or even mild strength is likely. However, we maintain a bearish medium-term bias and would be looking to sell rallies towards the 0.6760-80 level.