In light of the recent performance, NZD/USD is now seeing within a rangebound theme, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Not surprisingly, NZD traded within the broad 0.6238/0.6325 range registered on Tuesday (NZD traded between 0.6264 and 0.6306 yesterday). The price action offers no fresh clues and NZD is likely to continue to trade sideways for now. Expected range for today, 0.6270/0.6320.” Next 1-3 weeks: “The strong rebound in NZD over the past two days came a surprise. Out ‘strong resistance’ level at 0.6300 was breached as NZD popped to an overnight high of 0.6325. Downward pressure has eased and NZD has likely moved into a consolidation phase. From here, NZD is expected to trade sideways for a period, likely within a relatively broad range of 0.6200 and 0.6390.” 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 NZD/USD trades at fresh weekly highs near 0.6330 FX Street 3 years In light of the recent performance, NZD/USD is now seeing within a rangebound theme, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Not surprisingly, NZD traded within the broad 0.6238/0.6325 range registered on Tuesday (NZD traded between 0.6264 and 0.6306 yesterday). The price action offers no fresh clues and NZD is likely to continue to trade sideways for now. Expected range for today, 0.6270/0.6320.” Next 1-3 weeks: “The strong rebound in NZD over the past two days came a surprise. Out ‘strong resistance’ level at 0.6300 was breached as NZD popped to an overnight high of 0.6325. Downward… 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.
