- Analytics
- News and Tools
- Market News
- NZD/USD: expect more of the same but higher ranges ahead - NAB
NZD/USD: expect more of the same but higher ranges ahead - NAB
NAB Research discusses NZD/USD outlook and maintains a neutral bias in the near-term, but looks to higher ranger over the coming months. NAB sees NZD/USD around 0.67 in the near-term, and close t0 0.70 by year-end.
"The NZD continues to track within the 0.6650-0.6950 trading range it has been stuck in since early November, owing to conflicting forces. We expect more of the same as debate about the global economic outlook rages on. As market participants debate the economic outlook, a tug of war on the NZD is operating, allowing the NZD to track sideways in a fairly narrow range. Until there is more clarity on the outlook, this state of affairs is expected to continue. As the year progresses, we see more positive influences on the NZD prevailing and a higher trading range emerging," NAB adds.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
