The New Zealand dollar (NZD) could advance slightly against the US dollar (USD), but any progress is unlikely to threaten the maximum of this week, about 0.6055. In the long term, the rapid accumulation of bullish impulse indicates a greater strength of the NZD; The level to be monitored is 0.6095, the FX analysts of UOB Group, quek be Leang and Peter Chia point out.
The rapid accumulation of bullish impulse indicates a greater strength of the NZD
24 -hour view: “We noticed yesterday that the NZD ‘seems to have entered a consolidation phase, and today, we hope that between 0.5985 and 0.6030.’ Then, the NZD was negotiated in a higher range of 0.5995/0.6039, closing in a firm note at 0.6028 (+0.28%). 0.5995. “
View 1-3 weeks: “We became positive at the NZD two days ago (June 3, for 0.6040). We indicate that ‘the level to be monitored is 0.6095.’ Although there has not been an additional increase in the bullish impulse, our opinion remains unchanged for now.
Source: Fx Street
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