NZD/USD Consolidating Near-Term – UOB

NZD/USD Consolidating Near-Term – UOB

7 April 2016, 14:31
Roberto Jacobs
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NZD/USD Consolidating Near-Term – UOB

According to analysts at UOB Group, the Kiwi dollar remains in a consolidative phase vs. the US dollar in the short term.

Key Quotes

“We just turned neutral yesterday and there is no change to the view”.

“We have likely seen a short-term top last week and the current movement is viewed as the start of a consolidation phase and we expect this pair to trade in a neutral 0.6720/0.6930 range from here”.


(Market News Provided by FXstreet)

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