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NZD/USD Neutral Bias Persists
Key Quotes
(Market News Provided by FXstreet)
02 Maret 2016 12:39 PM
According to strategists at UOB Group, the outlook for NZD/USD remains neutral for the next 1-3 weeks.Key Quotes
“While the range of 0.6572/0.6640 was close to our expected 0.6575/0.6655, the strong daily closing suggests further upside pressure from here. However, any further up-move is expected to encounter very strong resistance near 0.6685/90”.
“On the upside, only a move back above 0.6745 would indicate that the downward pressure has eased”.
(Market News Provided by FXstreet)