NZD/USD points to extra side-lined trading – UOB By pabspiovano NZDUSD Currencies Crosses Banks
could have likely moved into a 0.6740-0.6845 consolidative range, suggested FX Strategists at UOB Group.24-hour view: “Yesterday we held the view that NZD is ‘unlikely to strengthen much further’ and we expected it to ‘trade sideways between 0.6785 and 0.6835’. NZD subsequently rose to 0.6836 before dropping quickly to 0.6791 during NY session. The decline has room to extend but in view of the lackluster momentum, a break of 0.6765 is unlikely . On the upside, a breach of 0.
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