WPAC like the New Zealand dollar against the USD.
- stop level 0.6950 (and will trail)
- target 0.7300 and see 0.7465 by year-end.
WPAC cite
- yesterday's strong jobs data,
- a cemented in August rate hike from the Reserve Bank of New Zealand
Note that main risk is a stronger USD and note the more hawkish comments from Clarida on Wednesday US time.