The New Zealand dollar (NZD) probably trades in a higher range of 0.5650/0.5700 against the US dollar (USD). In the long term, for the moment, it is likely that the NZD trades in a range between 0.5595 and 0.5720, according to FX analysts of UOB Group, to be Leang and Peter Chia.
It is likely that the NZD merchants between 0.5595 and 0.5720
24 -hour view: “Yesterday, we noticed that ‘the panorama is not clear’ and we held the opinion that the NZD ‘probably trades in a range of 0.5605/0.5675.’ The NZD then traded in a narrower range of 0.5623/0.5678. /0.5700.
View of 1-3 weeks: “Our last narrative was on Tuesday (February 11, Spot in 0.5640), where ‘at the moment, it is likely that the NZD trades in a range between 0.5595 and 0.5720.’ Although there has been a slight increase in the short -term bundle impulse, the NZD does not seem to be ready to break over 0.5720 still.
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.
