In opinion of FX Strategists at UOB Group, the outlook for NZD/USD remains mixed for the time being. Key Quotes 24-hour view: “Our expectation for NZD to ‘retest 0.7010’ did not materialize as it traded between 0.7014 and 0.7049. The underlying tone still appears to be soft and we continue see chance for NZD to test 0.7010. A break of this level is not ruled out but the next support at 0.6985 is unlikely to come into the picture. Resistance is at 0.7040 followed by 0.7055.” Next 1-3 weeks: “There is not much to add to our latest narrative from last Thursday (08 Apr, spot at 0.7010). As highlighted, the outlook is mixed and NZD is expected to trade between 0.6945 and 0.7070 for now.” 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next USD/JPY: A sustained drop below 109.00 looks unlikely – UOB FX Street 6 months In opinion of FX Strategists at UOB Group, the outlook for NZD/USD remains mixed for the time being. Key Quotes 24-hour view: "Our expectation for NZD to 'retest 0.7010' did not materialize as it traded between 0.7014 and 0.7049. The underlying tone still appears to be soft and we continue see chance for NZD to test 0.7010. A break of this level is not ruled out but the next support at 0.6985 is unlikely to come into the picture. Resistance is at 0.7040 followed by 0.7055." Next 1-3 weeks: "There is not much to add to our latest narrative from… 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.
