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5 May 2016
NZD/USD further consolidation expected – UOB
According to analysts at UOB Group, the Kiwi dollar could attempt a sideline pattern in the next 1-3 weeks.
Key Quotes
“The recent strong downward pressure has clearly eased and the current movement is viewed as the early stages of a consolidation phase”.
“We just shifted to a neutral stance yesterday and there is no change to the view. We continue to expect this pair to trade in a broad 0.6800/0.7000 range”.
Key Quotes
“The recent strong downward pressure has clearly eased and the current movement is viewed as the early stages of a consolidation phase”.
“We just shifted to a neutral stance yesterday and there is no change to the view. We continue to expect this pair to trade in a broad 0.6800/0.7000 range”.