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NZD/USD: bullish from here - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group explained that the technical picture for NZD/USD is bullish.

    Key Quotes:

    "Expect a move to 0.6560 in the coming days. The shift to a bullish stance yesterday was timely as NZD moved rapidly higher to touch a high of 0.6532 (0.6510 target easily met)."

    "The outlook is still bullish and we expect a move to 0.6560 in the coming days. Stop-loss has been moved higher to 0.6405 from 0.6385."
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