NZD/USD: Further gains likely above 0.6250 – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
is expected to extend the upside on a breakout of the 0.6250 level, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: Yesterday, we held the view that “the overbought NZD strength is likely to extend but is unlikely to threaten last month’s high near 0.6250.” Our expectation did not materialize as NZD traded in a range of 0.6178/0.6206. The current price actions are likely part of a consolidation phase.
Next 1-3 weeks: Yesterday , we highlighted that “upward momentum is beginning to build, but NZD has to break and stay above last month’s high near 0.6250 before further advance is likely.” There is no change in our view. The chance of NZD breaking clearly above 0.6250 will remain intact as long as it stays above 0.6125 in the next few days. Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
NZD/USD oscillates around 0.6200 as investors await FOMC minutes for further guidanceThe NZD/USD pair is demonstrating topsy-turvy moves near the round-level resistance of 0.6200 in the London session. The Kiwi asset has turned sideway
Baca lebih lajut »
NZD/USD rises on RBA’s hawkish posture, softening greenback on subdued trading conditionsNZD/USD advances in a subdued North American session as traders from the United States (US) remain on holiday in observance of Independence Day. Howev
Baca lebih lajut »
NZD/USD turns south after FOMC minutesOn Wednesday, the Kiwi failed to hold gains that took the NZD/USD pair above the 100-day Simple Moving Average (SMA) and turned south towards 0.6180.
Baca lebih lajut »
NZD/USD Price Analysis: Previous resistance line, EMA confluence prod Kiwi bears below 0.6200NZD/USD Price Analysis: Previous resistance line, EMA confluence prod Kiwi bears below 0.6200 – by anilpanchal7 NZDUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Baca lebih lajut »
Eras Tour: Swiftie bachelors seek UOB credit card-holding partnerBachelors in Asia are so desperate to attend Taylor Swift's concert that they are offering themselves up as dates to a bank's cardholders
Baca lebih lajut »
EUR/USD risks a drop to 1.0805 – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, EUR/USD could slip back to the 1.0805 region in the next f
Baca lebih lajut »