In view of FX Strategists at UOB Group, a move to the 0.6465 level in NZD/USD seems to have lost momentum as of late. Key Quotes 24-hour view: “Our expectation for NZD to “advance further” was incorrect as it traded sideways within a 0.6405/0.6436 range. Further sideway trading is expected for today even though the slightly weakened underlying tone suggests NZD is likely to trade at a lower range of 0.6395/0.6430″. Next 1-3 weeks: “Despite the strong gain of +0.51% yesterday (0.6431), the outlook for NZD has not changed much. We continue to hold the same view from last Friday (15 Nov, spot 0.6380) wherein NZD is “expected to trade sideways between 0.6350 and 0.6465 for a while more”. In other words, the risk for a sustained raise above 0.6465 is not high”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY risks a move lower near-term – UOB FX Street 3 years In view of FX Strategists at UOB Group, a move to the 0.6465 level in NZD/USD seems to have lost momentum as of late. Key Quotes 24-hour view: "Our expectation for NZD to "advance further" was incorrect as it traded sideways within a 0.6405/0.6436 range. Further sideway trading is expected for today even though the slightly weakened underlying tone suggests NZD is likely to trade at a lower range of 0.6395/0.6430". Next 1-3 weeks: "Despite the strong gain of +0.51% yesterday (0.6431), the outlook for NZD has not changed much. We continue to hold the same view from last Friday… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
