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Forex pairs in this Article » EUR/USD, NZD/USD (San Francisco) - In a daily analysis of the New Zealand dollar, Mike Jones Currency Strategist at BNZ explains: "The NZDUSD finally overcame the 0.8360 glass ceiling last week. A bout of USD bashing following the Federal Reserve's latest easing effort and steady NZD/AUD buying helped propel the NZDUSD to 15-month highs above 0.8470."

Mr. Jones continues: "Overall, we look for NZDUSD support at 0.8360 to hold this week, with a climb into the 0.8500s likely as long as the local data plays ball. Initial headwinds are expected towards Friday night's 0.8475 high."

Regarding the outlook for EURUSD, BNZ says: "As noted last week, we expect the single-currency to see out the year in the 1.3000-1.3200 range, although a positive resolution to the fiscal cliff could provide the fuel for a probe above 1.3200."
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