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NZD/USD could drop to 0.6410/15 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair.

    Key Quotes

    “While NZD traded in a range of 0.6450/0.6532 yesterday (close to our expectation of 0.6450/0.6520), the rather weak daily closing suggests further downward pressure from here”.

    “Only a move back above 0.6490 would indicate that the short-term pressure has eased, otherwise, another leg lower to 0.6410/15 appears likely”.
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