FX Strategists at UOB Group suggested NZD/USD could now by headed towards the 0.6150 region in the next weeks. Key Quotes 24-hour view: “Our expectation for NZD to “drift lower towards the bottom of the expected 0.6025/0.6100 range first” did not materialize as it traded between 0.6060 and 0.6112. The underlying tone has firmed somewhat and this could lead to NZD edging higher towards 0.6125. For today, the next resistance at 0.6150 is unlikely to come into the picture. Support is at 0.6070 but the stronger level is at 0.6035.” Next 1-3 weeks: “The sudden surge in NZD late last week came as a surprise as it blew past the top of our expected 0.5820/0.6020 range and hit a high of 0.6103 last Friday. While overbought short-term conditions could lead to a couple of days of consolidation first, NZD could continue to advance later on towards 0.6150. Only a break of 0.5975 would indicate that the current upward pressure has eased.” 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 AUD/USD: Holding within positive levels FX Street 2 years FX Strategists at UOB Group suggested NZD/USD could now by headed towards the 0.6150 region in the next weeks. Key Quotes 24-hour view: “Our expectation for NZD to “drift lower towards the bottom of the expected 0.6025/0.6100 range first” did not materialize as it traded between 0.6060 and 0.6112. The underlying tone has firmed somewhat and this could lead to NZD edging higher towards 0.6125. For today, the next resistance at 0.6150 is unlikely to come into the picture. Support is at 0.6070 but the stronger level is at 0.6035." Next 1-3 weeks: “The sudden surge in NZD late last… 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.
