NZDUSD: Rebound expected to test 0.6160 – UOB

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NZDUSD: Rebound expected to test 0.6160 – UOB
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NZDUSD: Rebound expected to test 0.6160 – UOB – by pabspiovano NZDUSD Currencies Banks Crosses

could see the 0.6160 level revisited in the near term, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “Yesterday, we held the view that ‘the rally in NZD is likely to extend even though a clear break of 0.6160 is unlikely’. However, NZD traded sideways within a range of 0.6067/0.6120. Further sideways trading would not be surprising, likely between 0.6060 and 0.6120.

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