The New Zealand dollar (NZD) is probably negotiated in a lateral range of 0.5905/0.5945 against the US dollar (USD). In the long term, the perspectives are still mixed, but the NZD is likely to be negotiated in a more tight range of 0.5835/0.5985, the FX analysts of UOB Group Quek quek be Leang and Peter Chia.
The NZD is probably negotiated in a more tight range of 0.5835/0.5985
24 -hour vision: “We expected the NZD ‘to be negotiated in a range of 0.5900/0.5950’ Yesterday. The NZD was then negotiated laterally between 0.5896 and 0.5932, largely closing unchanged (0.5926, -0.08%). It is likely that lateral trade continues, although the strongest underlying tone suggests a higher range of a higher range of a higher range of 0.5905/0.5945. “
Vision at 1-3 weeks: “We have expected the NZD to be negotiated in a range since mid-last week. In our most recent narrative two days ago (May 19, Spot at 0.5890), we indicate that ‘The perspectives are still mixed, but now we expect a more adjusted range of 0.5835/0.5985.’ We continue to maintain the same vision. “
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.
