NZD/USD faces some consolidation near term – UOB – by pabspiovano NZDUSD Banks Currencies Crosses
24-hour view: “We held the view that NZD ‘is likely to trade sideways within a range of 0.6465/0.6510’ yesterday. Our view of sideways trading was not wrong even though NZD traded within a slightly narrower range than expected . The underlying tone has softened and NZD is likely to edge lower toward 0.6440. The major support at 0.6400 is unlikely to come into view. Resistance is at 0.6490, followed by 0.6505.
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