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NZD/USD neutral near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to the research team at UOB Group, the perspective for the Kiwi dollar has shifted to the neutral side in the 1-3 weeks.

    Key Quotes

    “Similar to AUD/USD, we turned neutral on NZD yesterday with expectation that the current pull-back could extend lower but any further weakness is likely limited to 0.6500”.

    “Only a move back above 0.6745 would indicate that the downward pressure has eased”.
    For more information, read our latest forex news.

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