NZD/USD clings to the consolidative theme near term – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
in the short term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research.24-hour view: “Yesterday, we held the view that NZD ‘is likely to advance further but the chance of a break of the major resistance at 0.5810 is not high’. While NZD rose to a high 0.5805, it plummeted to 0.5664 in NY trade before rebounding quickly to end the day at 0.5746 . The rebound has gained some momentum and the bias for today is on the upside.
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