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NZD/USD: top in place targeting 0.6620 - 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 Group are neutral sighting a short-term top in place in NZD/USD.

    Key Quotes:

    "Pull-back could extend lower to 0.6680, 0.6620. We have highlighted the increasing risk of a short-term top in the past few updates and the break below 0.6745 yesterday finally confirmed that.

    The current movement is viewed as a corrective pull-back that has room to extend lower to 0.6680 where a break would shift the focus to last week’s low near 0.6620. Strong resistance is at 0.6795 ahead of the key level of 0.6855."
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