- Analytics
- News and Tools
- Market News
- NZD/USD now looks to some consolidation – UOB
NZD/USD now looks to some consolidation – UOB
FX Strategists at UOB Group suggested that NZD/USD now moved into a consolidative phase, likely between 0.6875 and 0.7000.
Key Quotes
24-hour view: “Yesterday, we highlighted that ‘momentum indicators have turned neutral and NZD is likely to consolidate within a range of 0.6910/0.6960’. NZD subsequently traded between 0.6917 and 0.6965. We continue to view the price actions as part of a consolidation. For today, NZD is likely to trade within a range of 0.6915/0.6965.”
Next 1-3 weeks: “There is not much to add to our update from yesterday (11 Oct, spot at 0.6935). As highlighted, the recent downside risk has dissipated and NZD is likely to trade sideways within a 0.6875/0.7000 range for now.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
