NZD/USD focus on 0.6750 – UOB

By FXStreet In opinion of the research team at UOB Group, the pair has now shifted its focus on the mid-0.6700s.

Key Quotes

“NZD touched a high of 0.6875 last Friday and the subsequent sharp drop from the peak does not bode well for our bullish view”.

“As mentioned in recent updates, 0.6880/00 is a massive resistance zone and would not be easy to break”.

“A move below 0.6750 would indicate that last week sharp rally is another false break”.
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Source:: FX Street