The New Zealand dollar (NZD) is likely to exchange a range compared to an American dollar (USD), probably between 0.5930 and 0.5980. In the longer term, for the moment, the NZD should trade in a range of 0.5890 / 0.6005, the FX analysts of UOB Group, Quek Ser Leang and Peter Chia Note.
The NZD should exchange a fork of 0.5890 / 0.6005
View 24 hours a day: “The NZD advance yesterday failed to break the resistance to 0.6000, because it fell 0.5996. The withdrawal in the middle of the slowdown in the momentum and the overeffrein conditions indicates that the NZD is likely to exchange in a range today, probably between 0.5930 and 0.5980.”
1 to 3 weeks see: “The current price movements in NZD seem to be part of a consolidation phase. For the moment, we expect the NZD to exchange in a range of 0.5890 / 0.6005. In the future, provided that the NZD does not break clearly below 0.5890, there is a chance to make it last last, almost 0.6030.
