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NZD/USD consolidating near-term – UOB

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to analysts at UOB Group, the Kiwi dollar remains in a consolidative phase vs. the US dollar in the short term.

    Key Quotes

    “We just turned neutral yesterday and there is no change to the view”.

    “We have likely seen a short-term top last week and the current movement is viewed as the start of a consolidation phase and we expect this pair to trade in a neutral 0.6720/0.6930 range from here”.
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