NZD/USD is likely to keep navigating within the 0.6540-0.6710 range in the near-term, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected NZD to advance yesterday but held the view that ‘a break of 0.6670 would come as a surprise’. NZD surprised us as it rose to a high of 0.6673 before easing off quickly. Upward momentum has hardly improved and for today, NZD is likely to consolidate and trade between 0.6620 and 0.6670.” Next 1-3 weeks: “We highlighted yesterday (03 Aug, spot at 0.6620) that ‘a break of 0.6600 would indicate that NZD has moved into a consolidation phase’. NZD subsequently dropped to 0.6575 before settling on a soft note at 0.6613 (-0.24%). For the next 1 to 2 weeks, NZD is likely to trade sideways, expected to be between 0.6540 and 0.6710. Looking forward, a clear break of 0.6540 would suggest the start of a deeper pullback in NZD.” 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 IOTA Market Update: IOTA named the key innovator of the European Research program FX Street 2 years NZD/USD is likely to keep navigating within the 0.6540-0.6710 range in the near-term, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected NZD to advance yesterday but held the view that ‘a break of 0.6670 would come as a surprise’. NZD surprised us as it rose to a high of 0.6673 before easing off quickly. Upward momentum has hardly improved and for today, NZD is likely to consolidate and trade between 0.6620 and 0.6670.” Next 1-3 weeks: “We highlighted yesterday (03 Aug, spot at 0.6620) that ‘a break of 0.6600 would indicate that NZD has… 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.
