There has been an tentative accumulation of bullish impulse; The NZD is expected to rise slightly and try 0.5920. In the long term, the panorama remains mixed, but it is likely that the NZD operates in a more adjusted range of 0.5835/0.5985, the FX analysts of UOB Group point out, to be Leang and Peter Chia.
The panorama for the NZD is still mixed
24 -hour vision: “Our opinion on the NZD ‘to go down and prove 0.5855’ Last Friday was not met. The NZD was negotiated between 0.5866 and 0.5917, closing little changed at 0.5880 (+0.08%). There has been an tentative accumulation of bullish impulse. Today, we expect the NZD to rise slightly, but as the impulse is not Strong, any advance will probably be limited to a 0.5920 test.
Vision 1-3 weeks: “Last Wednesday (May 14, price at 0.5935), we highlight that ‘recent price movements have resulted in a mixed panorama.’ We add, ‘for the moment, we hope that the NZD operates in a range of 0.5835/0.6030.’ The panorama is still mixed, but now we expect a more tight range of 0.5835/0.5985. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
