NZD/USD: Extra gains now target 0.6720 – UOB By pabspiovano NZDUSD Currencies Crosses Banks
Key Quotes
Next 1-3 weeks: “We have held the same view since Monday where NZD is in a consolidation and is likely to trade between 0.6545 and 0.6685. After trading sideways for a few days, NZD rose above the top of the expected range . Upward momentum is beginning to build and NZD is likely to trade with an upward bias towards 0.6720. The upward bias is intact as long as NZD does not drop below the ‘strong support’ level, currently at 0.6620.
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