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NZD/USD rangebound most likely near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group now sees the Kiwi dollar in a consolidative pattern vs. the greenback in the next 1-3 weeks.

    Key Quotes

    “The sharp drop yesterday has greatly diminished the odds for a move above the major 0.6750 resistance”.

    “From here, there is no chance to the neutral view and we expect NZD to trade between 0.6560 and 0.6750 in the coming days”.
    For more information, read our latest forex news.

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