NZD/USD: Expected to trade in a range – UOB Group

avatar
· 阅读量 9

New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5975 and 0.6040. In the longer run, sharp but short-lived swings have resulted in a mixed outlook; NZD is likely to trade in a range of 0.5900/0.6090 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Sharp but short-lived swings have resulted in a mixed outlook

24-HOUR VIEW: "While we expected NZD to 'rebound further' yesterday, we highlighted that 'overbought conditions suggest 0.6040 is likely out of reach.' However, NZD rose and touched 0.6040 before closing at 0.6007 (+0.52%). Conditions remain overbought, but this time around, given that upward momentum is slowing, we expect NZD to trade in a range, most likely between 0.5975 and 0.6040."

1-3 WEEKS VIEW: "We stated yesterday (24 Jun, spot at 0.5995) that the recent 'sharp but short-lived swings have resulted in a mixed outlook.' We were of the view that NZD 'is likely to trade in a range of 0.5900/0.6090 for now.' Our view remains unchanged.

Share: Feed news

风险提示:以上内容仅代表作者或嘉宾的观点,不代表 FOLLOWME 的任何观点及立场,且不代表 FOLLOWME 同意其说法或描述,也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为,除非另有明确的书面承诺文件,否则本社区不承担任何形式的责任。

FOLLOWME 交易社区网址: www.followme.ceo

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest