NZD/USD: HAS TO BREAK ABOVE 0.6270 TO TEST 0.6310 – UOB GROUP
The New Zealand Dollar (NZD) is expected to trade in a 0.6200/0.6270 range. In the longer run, NZD must break and remain above 0.6270 before an advance to 0.6310 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
NZD trading in a 0.6200/0.6270 range for now
24-HOUR VIEW: “Our view for NZD to trade in a 0.6180/0.6230 range was incorrect. NZD dropped to 0.6183, soared to 0.6269, closing at 0.6242 ( 0.55%). The price action has resulted in a mixed outlook. We continue to expect NZD to trade in a range, albeit a narrower one of 0.6200/0.6270.”
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.