NZD/USD: Break of 0.60 to bring on a wave of bearish sentiment – ANZ

Economists at ANZ Bank note that the 0.60 mark is a key level to watch on the NZD/USD pair.

USD strength is again weighing on the Kiwi

USD strength is again weighing on the Kiwi, as are lower milk prices and AUD weakness in the wake of the Reserve Bank of Australia's decision to keep policy on hold this week. 

Our forecasts call for a gradual firming from here, but if 0.60 were to break, that could bring on a wave of bearish sentiment.