20 Oct 2015
NZD/USD testing critical support - UOB
FXStreet (Guatemala) - Analysts at UOB are bullish on NZD/USD but noted key support that the pair was sold down to today.
Key Quotes:
"Break below 0.6745 would indicate an interim top is in place. As highlighted last Friday, an interim top is likely close-by but confirmation is only upon a break below 0.6745.
A break below this level would indicate the start of pull-back could potentially lead to a test of the 0.6620 low last week."
Key Quotes:
"Break below 0.6745 would indicate an interim top is in place. As highlighted last Friday, an interim top is likely close-by but confirmation is only upon a break below 0.6745.
A break below this level would indicate the start of pull-back could potentially lead to a test of the 0.6620 low last week."