NZD/USD: Door open to a potential drop to 0.5750 – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
24-hour view: “We highlighted yesterday that ‘there is room for NZD to drop to 0.5870’. We added, ‘The next support at 0.5840 is unlikely to come into view’. While NZD dropped to a low of 0.5844 in NY, it cracked 0.5840 during early Asian hours. Obviously, NZD is still under pressure and we see chance for NZD to weaken to 0.5780, possibly 0.5750. On the upside, a breach of 0.5870 would indicate that the current downward pressure has eased.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY clings to the range bound theme near term – UOBIn the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, USD/JPY is still predicted to maintain the 141.40-144.70 range in the ne
Read more »
USD/CNH: Still room for a move to 7.0500 – UOBUSD/CNH could still advance further and test the 7.0500 region in the next weeks, comment FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.
Read more »
GBP/USD: Downside risks persist near term – UOBAccording to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, GBP/USD remains under pressure and could face some range bound in the near te
Read more »
USD/CNH: Still scope for a move to 7.1000 – UOBUSD/CNH could prolong the upside bias and test 7.1000 once it leaves behind 7.0500, comment FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang
Read more »
BoJ expected to stick to the accommodative stance this week – UOBNo changes are predicted to the current ultra-loose monetary stance by the BoJ at its event later this week, notes Economist Lee Sue Ann at UOB Group.
Read more »
Malaysia: Trade balance figures came on the strong side – UOBUOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest trade balance figures in Malaysia. Key Quotes “Malaysia’s extern
Read more »