NZD/USD: Upside pressure alleviated below 0.6285 – by pabspiovano NZDUSD Currencies Crosses Banks
could see its bid bias losing traction on a close below the 0.6285 level, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: We expected NZD to consolidate and trade between 0.6330 and 0.6400 yesterday. However, NZD dipped briefly to 0.6309 before closing on a soft note at 0.6326 . The underlying tone has softened, but while NZD is likely to edge lower today, it is unlikely to threaten the strong support at 0.6285.
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