NZD/USD is still seen navigating the 0.6620-0.6750 range in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expectation for NZD to consolidate yesterday was incorrect as it soared to a high of 0.6757. The subsequent swift pull-back from the high has room to extend lower but any weakness is expected to encounter solid support at 0.6680 and the next support at 0.6660 is likely out of reach. Resistance is at 0.6730 followed by 0.6750.” Next 1-3 weeks: “NZD rose to a high of 0.6738 yesterday, not far from the top of our expected 0.6600/0.6750 consolidation range that we first indicated last Thursday (10 Sep, spot 0.6675). Upward momentum has improved a tad but for now, the odds for a sustained rise above 0.6750 are not high. In other words, there is no change in view and we continue to expect NZD to trade sideways for now, expected to be within a 0.6620/0.6750 range (narrowed from 0.6600/0.6750).” 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 Natural Gas Futures: Door open to extra losses FX Street 1 year NZD/USD is still seen navigating the 0.6620-0.6750 range in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expectation for NZD to consolidate yesterday was incorrect as it soared to a high of 0.6757. The subsequent swift pull-back from the high has room to extend lower but any weakness is expected to encounter solid support at 0.6680 and the next support at 0.6660 is likely out of reach. Resistance is at 0.6730 followed by 0.6750.” Next 1-3 weeks: “NZD rose to a high of 0.6738 yesterday, not far from the top of our expected 0.6600/0.6750… Top 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.
