9 Mar 2016
NZD/USD bullish outlook near-term – UOB
The research team at UOB Group keeps its positive perspective for the Kiwi dollar in the next 1-3 weeks.
Key Quotes
“Similar to AUD/USD, the current consolidation phase appears incomplete and NZD is expected to continue to trade sideways for today”.
“We just turned bullish NZD yesterday and there is no change to the view. As mentioned, the target at 0.6895 is within the formidable resistance zone of 0.6880/0.6900. Stop-loss is at 0.6685”.
Key Quotes
“Similar to AUD/USD, the current consolidation phase appears incomplete and NZD is expected to continue to trade sideways for today”.
“We just turned bullish NZD yesterday and there is no change to the view. As mentioned, the target at 0.6895 is within the formidable resistance zone of 0.6880/0.6900. Stop-loss is at 0.6685”.