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NZD/USD still bearish near term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The outlook on the Kiwi dollar remains tilted to the bearish side for the next 1-3 weeks, according to the research team at UOB Group.

    Key Quotes

    “While we continue to hold a bearish NZD view, the recent price action is not supportive of our view and the odds for a move to our 0.6470 target appears to be rather slim”.

    “Overall, a daily closing above 0.6650 is enough to indicate that our bearish expectation is wrong”.
    For more information, read our latest forex news.
     

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