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NZD/USD bullish, could struggle near 0.6880/0.6900 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    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”.
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