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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

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    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”.
    For more information, read our latest forex news.
     

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