SaxoTV

Hardy: Watch out for NZDUSD double trouble

491 views
July 22, 2015 central bank, currencies, currency, currency market, currency markets, currency pair, currency pairs, currency rates, currency strategy, currency trade, currency trading, dollar, dovish, foreign exchange, forex, forex market, forex market overview, forex markets, forex saxo bank, forex trading, forward, forward guidance, fx, fx forex, fx markets, fx saxo bank, fx strategy, fx trade, fx traders, fx trading, fxmarkets, guidance, hardy, john, john hardy, john hardy forex, john hardy saxo bank, john j hardy, johnhardy, johnjhardy, kiwi, levels, milk, milk prices, new zealand, nz, nz central bank, nz dollar, nz interest rates, nz rate cut, nzd, nzd usd, nzdollar, nzdusd, nzusd, outlook, rate cut, rbnz, reserve, reserve bank, reserve bank of new zealand, saxo, saxo bank, saxo bank cycling, saxo bank forex, saxo bank group, saxo bank john hardy, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo forex, saxo fx, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, trade, trade idea, trade view, trader, trading, trading audnzd, trading currencies, trading floor, trading floor saxo tv, trading forex, trading forex 2015, trading fx, trading idea, trading kiwi, trading nzd, trading nzdusd, trading strategy, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, us, us dollar, us dollar sentiment, usd
With the Reserve Bank of New Zealand widely expected to cut rates, it’s all about the forward guidance when the RBNZ meets, says Saxo Bank’s John Hardy.

Hardy says that depending on the RBNZ's outlook, there is a risk that the recent sell-off in Kiwi may have been overdone in the short-term and that if the USD sentiment isn’t there, it could spell double-trouble for NZDUSD.

Hardy does expect Kiwi to go lower in the coming months and outlines the levels he is looking for.