According to the research team at UOB Group, the pair’s outlook remains bullish although the upside faces strong resistance around 0.6880/0.6900. Key Quotes “As indicated last Friday, a clear break above the 0.6775 would indicate the start of a bullish phase in NZD”. “The immediate target is at 0.6895/00 but we must highlight that 0.6880/0.6900 is a formidable resistance zone and is not expected to break so easily. Stop-loss is at 0.6685”. For more information, read our latest forex news.