NZD/USD focus on 0.6750 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In opinion of the research team at UOB Group, the pair has now shifted its focus on the mid-0.6700s.

    Key Quotes

    NZD touched a high of 0.6875 last Friday and the subsequent sharp drop from the peak does not bode well for our bullish view”.

    “As mentioned in recent updates, 0.6880/00 is a massive resistance zone and would not be easy to break”.

    “A move below 0.6750 would indicate that last week sharp rally is another false break”.
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