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NZD/USD needs to close above 0.70 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In opinion of analysts at UOB Group, the Kiwi dollar needs a close above 0.70 vs. the greenback in order to shift to a bullish outlook.

    Key Quotes

    “The unexpected strong rally clearly bodes well for NZD but we prefer to wait for a daily closing above 0.7000 before turning bullish”.

    “This appears to be a likely scenario unless there is a move back below 0.6870 in the next 1 to 2 days”.
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