NZD/USD testing critical support - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB are bullish on NZD/USD but noted key support that the pair was sold down to today.

    Key Quotes:

    "Break below 0.6745 would indicate an interim top is in place. As highlighted last Friday, an interim top is likely close-by but confirmation is only upon a break below 0.6745.

    A break below this level would indicate the start of pull-back could potentially lead to a test of the 0.6620 low last week."
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