NZD/USD: Likely to weaken to 0.5585 – UOB Group
New Zealand Dollar (NZD) could continue to weaken, but any decline is likely limited to a test of 0.5585. In the longer run, given the sharp increase in downward momentum, NZD is likely to weaken to 0.5585, potentially 0.5565, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

New Zealand Dollar (NZD) could continue to weaken, but any decline is likely limited to a test of 0.5585. In the longer run, given the sharp increase in downward momentum, NZD is likely to weaken to 0.5585, potentially 0.5565, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZD/USD might continue to weaken

24-HOUR VIEW: "We stated yesterday that NZD 'appears to have entered a sideways-trading phase between 0.5640 and 0.5680'. Our view was incorrect, as NZD plummeted to a low of 0.5591. NZD could continue to weaken, but deeply oversold conditions suggest any decline is likely limited to a test of 0.5585. The major support at 0.5565 is not expected to come under threat. Resistance levels are at 0.5625 and 0.5640."

1-3 WEEKS VIEW: "We have expected NZD to 'trade in a range between 0.5605 and 0.5695' since early last week. NZD traded within the range until yesterday, when, in a sudden move, it plunged to a low of 0.5591. Given the sharp increase in downward momentum, we expect NZD to weaken to 0.5585, and potentially 0.5565. We will maintain our view as long as NZD holds below the ‘strong resistance’ level, currently at 0.5660."

FXStreet
Trade The World
Über eine Million Nutzer verlassen sich auf FXStreet für Echtzeit-Marktdaten, Charting-Tools, Experteneinblicke und Forex-News. Der umfassende Wirtschaftskalender und die Bildungs-Webinare helfen Tradern, informiert zu bleiben und fundierte Entscheidungen zu treffen. FXStreet wird von einem Team von rund 60 Fachleuten getragen, verteilt auf den Hauptsitz in Barcelona und verschiedene Regionen weltweit.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Entdecken Weitere Tools
Trading‑Akademie
Entdecken Sie eine große Auswahl an Lernartikeln zu Handelsstrategien, Markteinblicken und finanziellen Grundlagen – alles an einem Ort.
Mehr erfahren
Kurse
Entdecken Sie strukturierte Trading‑Kurse, die Ihr Wachstum in jeder Phase Ihrer Handelsreise unterstützen.
Mehr erfahren
Webinare
Nehmen Sie an Live‑ und On‑Demand‑Webinaren teil, um in Echtzeit Markteinblicke und Handelsstrategien von Branchenexperten zu erhalten.
Mehr erfahren