NZD/USD: Next on the downside comes 0.6020 – UOB
03.08.2023, 07:03

NZD/USD: Next on the downside comes 0.6020 – UOB

In the view of UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, NZD/USD risks a probable drop to the 0.6020 region in the near term.

Key Quotes

24-hour view: We expected NZD to weaken yesterday, and we indicated that the level to watch is 0.6100. NZD fell more than expected as it plummeted to 0.6069. While the decline is oversold, strong downward momentum suggests NZD could dip below June’s low near 0.6050. However, it remains to be seen if NZD can maintain a foothold below this level (the next support is at 0.6020). In order to maintain the momentum, NZD must stay below 0.6120 (minor resistance is at 0.6100). 

Next 1-3 weeks: Yesterday (02 Aug, spot at 0.6130), we noted that “Short-term downward momentum is building rapidly.” We added, “NZD must break and stay below 0.6100 before a sustained decline is likely.” We did not quite expect the sharp drop as NZD plunged and closed lower by 1.14% (NY close of 0.6080). The price actions suggest NZD is likely to continue to weaken. The level to watch is 0.6020, followed by the year’s low near 0.5985. The downside risk is intact as long as NZD stays below 0.6160 (‘strong resistance’ level was at 0.6200 yesterday).

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik