NZD/USD could slip back to the 0.6220 region – UOB – by pabspiovano NZDUSD Crosses Currencies Banks
According to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further selling pressure could drag24-hour view: “Yesterday, we expected NZD to trade within a range of 0.6300/0.6365. However, NZD plummeted to 0.6253 before rebounding. Despite the rebound, the weakness does not appear to have stabilized. From here, as long as NZD stays below 0.6310 , NZD could dip to 0.6240 before stabilization is likely. The major support at 0.
“Our latest narrative was from two days ago where NZD is likely to consolidate and trade between 0.6270 and 0.6450. Yesterday, NZD cracked the solid support at 0.6270 and dropped to 0.6253. The rapid increase in downward momentum suggests NZD could drop further to 0.6220, possibly 0.6195. The downside risk is intact as long as NZD stays below the ‘strong resistance’ level, currently at 0.6345.”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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
NZD/USD: Further losses unlikely near term – UOBNZD/USD is now seen navigating a consolidative range between 0.6270 and 0.6450 in the next few weeks, suggest Lee Sue Ann and Markets Strategist Quek
Consulte Mais informação »
NZD/USD remains on the defensive below mid-0.6300s, US CPI looms largeThe NZD/USD pair attracts some sellers following an early uptick to the 0.6365 area and reverses a part of the previous day's positive move. The pair
Consulte Mais informação »
NZD/USD perched mid-range awaiting fresh cuesNZD/USD is flat into the Tokyo open after an up-and-down day surrounding the US consumer Price index. The Kiwi is trading at 0.6330 and has stuck to a
Consulte Mais informação »
NZD/USD Price Analysis: Further downside hinges on 0.6290 breakNZD/USD takes offers to refresh the intraday low near 0.6300 as it extends the previous day’s pullback from the 50-DMA hurdle during early Wednesday.
Consulte Mais informação »
NZD/USD remains heavily offered below 0.6300, hangs near monthly low amid stronger USDNZD/USD remains heavily offered below 0.6300, hangs near monthly low amid stronger USD – by hareshmenghani NZDUSD Fed Inflation Recession Currencies
Consulte Mais informação »
NZD/USD bears are waiting to move in to keep pressures on below 0.6300NZD/USD is down on the day as we enter the end of the North American session as the markets tussle with the prospects of higher for longer inflation i
Consulte Mais informação »