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NZD/USD bullish outlook near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group keeps its positive perspective for the Kiwi dollar in the next 1-3 weeks.

    Key Quotes

    “Similar to AUD/USD, the current consolidation phase appears incomplete and NZD is expected to continue to trade sideways for today”.

    “We just turned bullish NZD yesterday and there is no change to the view. As mentioned, the target at 0.6895 is within the formidable resistance zone of 0.6880/0.6900. Stop-loss is at 0.6685”.
    For more information, read our latest forex news.
     

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