NZD/USD further gains lies above 0.6965/70 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at UOB Group see the Kiwi dollar shifting to a bullish outlook above the 0.6965/60 band.

    Key Quotes

    “As highlighted yesterday, only a clear move above the 0.6965/70 resistance would indicate the start of a bullish phase”.

    “The surprising rapid drop from the high of 0.6952 took out the strong 0.6870 support and from here, NZD has likely moved back into a consolidation range, likely between 0.6760 and 0.6960”.
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