- Analytics
- News and Tools
- Market News
- NZD/USD now seen within 0.7160-0.7320 – UOB
NZD/USD now seen within 0.7160-0.7320 – UOB
FXStreet reports that UOB Group’s FX Strategists said that NZD/USD is expected to trade in a consolidative theme between 0.7160 and 0.7320 in the next weeks.
Next 1-3 weeks: “We highlighted yesterday that ‘downward pressure has more or less dissipated’ and we expected NZD to ‘trade between 0.7160 and 0.7320 for a period of time’. The rapid manner by which NZD approaches the bottom of the range came as a surprise (overnight low of 0.7167). While there is no change in our view for now, a daily closing below 0.7160 would indicate that NZD could move lower to 0.7130, possibly as low as 0.7080. At this stage, the prospect for such a scenario is not high.”
© 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
