FX Strategists at UOB Group expect the Kiwi Dollar to remain sidelined vs. the greenback in the next weeks. Key Quotes 24-hour view: “Expectation for NZD to “test last week’s 0.6850 top” did not materialize as it traded in a muted manner and registered a tight range of 0.6802/0.6832. The undertone has weakened somewhat but any weakness from here is viewed as part of lower 0.6780/0.6830 range and a sustained decline in NZD is not expected”. Next 1-3 weeks: “Despite the relatively strong recovery yesterday, NZD does not appear to be ready to embark on a sustained directional move. That said, the improved undertone suggests it has moved into a higher trading range of 0.6740/0.6880 instead of the 0.6710/0.6850 expected previously. Looking further out, a clear break of 0.6880 would greatly increase the odds for a move to 0.6930″. 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 Ripple price analysis: XRP/USD fireworks cool down marginally above $0.460 but jumps 4.23% on the day FX Street 5 years FX Strategists at UOB Group expect the Kiwi Dollar to remain sidelined vs. the greenback in the next weeks. Key Quotes 24-hour view: "Expectation for NZD to "test last week's 0.6850 top" did not materialize as it traded in a muted manner and registered a tight range of 0.6802/0.6832. The undertone has weakened somewhat but any weakness from here is viewed as part of lower 0.6780/0.6830 range and a sustained decline in NZD is not expected". Next 1-3 weeks: "Despite the relatively strong recovery yesterday, NZD does not appear to be ready to embark on a sustained directional move. That… 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.
