FX Strategists at UOB Group see the pair extending the neutral bias for the time being, adding that the recovery could extend to the mid-0.7000s. Key Quotes 24-hour view: “NZD rocketed by a whopping +1.28% yesterday, the largest 1-day gain so far this year. The rally is severely overstretched and further sustained rally is not expected for now. NZD is more likely to consolidate its gains and trade sideways at these higher levels. Expected range for today; 0.6960/0.7010″. Next 1-3 weeks: “After trading mostly sideways for past one week or so, NZD staged a robust rally yesterday and close sharply higher. The recovery appears incomplete and there is room for extension to 0.7050. Only a break back below 0.6910 would indicate that the immediate 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 US: Annual core-PCE price index meets expectations with 1.8% in April FX Street 5 years FX Strategists at UOB Group see the pair extending the neutral bias for the time being, adding that the recovery could extend to the mid-0.7000s. Key Quotes 24-hour view: "NZD rocketed by a whopping +1.28% yesterday, the largest 1-day gain so far this year. The rally is severely overstretched and further sustained rally is not expected for now. NZD is more likely to consolidate its gains and trade sideways at these higher levels. Expected range for today; 0.6960/0.7010". Next 1-3 weeks: "After trading mostly sideways for past one week or so, NZD staged a robust rally yesterday and close sharply… 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.
