NZD/USD: Likely to trade in a range between 0.5650 and 0.5690 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5650 and 0.5690. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

New Zealand Dollar (NZD) is likely to trade in a range between 0.5650 and 0.5690. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZD is likely to trade in a range

24-HOUR VIEW: "Last Friday, we expected NZD to 'range-trade between 0.5630 and 0.5680'. The subsequent price movements did not turn out as expected. NZD rose to a high of 0.5691 before settling at 0.5680 (+0.47%). Despite rising to a high of 0.5691, there is no clear increase in upward momentum. Today, we continue to expect range-trading, most likely between 0.5650 and 0.5690."

1-3 WEEKS VIEW: "Last Tuesday (11 Nov, spot at 0.5645), we highlighted that NZD 'is likely to trade in a range between 0.5605 and 0.5695'. We reiterated our stance last Friday (14 Nov, spot at 0.5655), stating that “there is no change in our view.” NZD subsequently rose close to 0.5695 (high was 0.5691). The slight increase in upward momentum is not enough to indicate a continued advance. In other words, we continue to hold the same view."

FXStreet
Trade The World
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
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

Explore More Tools
Trading Academy
Browse a wide range of educational articles covering trading strategies, market insights, and financial fundamentals, all in one place.
Learn More
Courses
Explore structured trading courses designed to support your growth at every stage of your trading journey.
Learn More
Webinar
Join live and on-demand webinars to gain real-time market insights and trading strategies from industry experts.
Learn More