NZD/USD: Further side-lined trading on the cards – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
faces extra range bound trade within 0.5985-0.6140 in the short-term horizon.24-hour view: “NZD fell by 0.70% yesterday . Downward momentum has improved, albeit not much. Today, NZD could edge lower to 0.6020 before the risk of a rebound increases. Resistance is at 0.6065, followed by 0.6085.”
Next 1-3 weeks: “The price actions since last week’s low near 0.5985 is likely part of a consolidation phase. For now, NZD is likely to trade sideways between 0.5985 and 0.6140.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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