Possibility that the New Zealand dollar (NZD) rises; Any advance is unlikely to exceed 0.5705. In the long term, there has been an attempt accumulation of impulse; The NZD could gradually climb to 0.5725, the FX analysts of UOB Group, to be Leang and Peter Chia point.
There has been an attempt accumulation of impulse
24 -hour view: “Yesterday, we held the opinion that the NZD ‘could overcome 0.5705 before stabilizing.’ However, the NZD was negotiated in a range of 0.5652/0.5690. Support levels are at 0.5655 and 0.5640. “
View of 1-3 weeks: “It has not changed much since our update yesterday (February 6, Spot in 0.5685). As noted, ‘there has been an attempt accumulation of impulse, and the NZD could gradually rise to 0.5725.’ The bullish pressure will remain intact while the NZD is maintained above 0.5615 (without changes in the level of ‘strong support’ since yesterday). “
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.
