NZD/USD: Downside pressure alleviated above 0.6255 – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
Key Quotes
Next 1-3 weeks: On Monday , we highlighted that improved downward momentum is likely to lead to NZD weakness to 0.6125. Since then, NZD has not been able to make any headway on the downside. Downward pressure is beginning to wane. However, only a breach of 0.6255 would suggest NZD is not weakening further. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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