NZD/USD sticks to the consolidation theme near term – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
is seen keeping the consolidative mood unchanged within 0.6155/0.6280 in the short-term horizon, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “We expected NZD to trade sideways between 0.6195 and 0.6240 yesterday. However, NZD dropped to a low of 0.6174. Downward momentum has improved slightly and NZD is likely to edge lower. That said, any decline is unlikely to break the major support at 0.6155. On the upside, a breach of 0.
Next 1-3 weeks: “We continue to hold the same view as yesterday where NZD is likely to consolidate within a range of 0.6155/0.6280.”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. You should do your own thorough research before making any investment decisions.
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