NZD/USD: Advance is likely limited to a test of 0.6260 – UOB Group
26.08.2024, 11:22

NZD/USD: Advance is likely limited to a test of 0.6260 – UOB Group

Further New Zealand Dollar (NZD) strength is not ruled out; severely overbought conditions suggest any advance is likely limited to a test of 0.6260, UOB Group FX strategists Quek Ser Leang and Lee Sue Ann note.

NZD may try to test 0.626

24-HOUR VIEW: “Our view of sideways trading last Friday was incorrect, as NZD surged to a high of 0.6236, closing on a strong note at 0.6233 (+1.51%). While further advance is not ruled out, severely overbought conditions suggest any advance is likely limited to a test of 0.6260. The major resistance at 0.6320 is not expected to come under threat. Support levels are 0.6205 and 0.6180.”

1-3 WEEKS VIEW: “We highlighted last Thursday (22 Aug, spot at 0.6160) that ‘overbought advance doesn’t seem to be losing steam yet.’ We held the view that NZD could potentially reach June’s 2023 high of 0.6223.’ Last Friday, NZD broke above 0.6223, surging by 1.51% (NY close of 0.6233). From here, we continue to expect NZD to advance. The next significant resistance lies at the year-to-date high of 0.6320. As conditions are severely overbought, it remains to be seen if this level is within reach. To sustain the overbought momentum, NZD must not break below 0.6140 (‘strong support’ level previously at 0.6090).”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik