NZD/USD: to remain well bid on dips - ANZ

Analysts at ANZ offered an outlook for NZD/USD.

Key Quotes:

"Expect the NZD to remain well bid on dips as a general rule, particularly given the recent technical bounce off support at ~0.7220. Yield is a major support for the NZD and bond spreads have uncharacteristically widened of late, adding additional support. Add to that the robust growth picture (trailing and projected), and political sensibility, and it’s difficult to see the downside being sustained."