- Analytics
- News and Tools
- Market News
- NZD/USD: Further side-lined trading on the cards – UOB
NZD/USD: Further side-lined trading on the cards – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, NZD/USD faces extra range bound trade within 0.5985-0.6140 in the short-term horizon.
Key Quotes
24-hour view: “NZD fell by 0.70% yesterday (NY close of 0.6037). Downward momentum has improved, albeit not much. Today, NZD could edge lower to 0.6020 before the risk of a rebound increases. Resistance is at 0.6065, followed by 0.6085.”
Next 1-3 weeks: “The price actions since last week’s low near 0.5985 is likely part of a consolidation phase. For now, NZD is likely to trade sideways between 0.5985 and 0.6140.”
© 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
