OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD: top in place targeting 0.6620 - UOB

FXStreet (Guatemala) - Analysts at UOB Group are neutral sighting a short-term top in place in NZD/USD.

Key Quotes:

"Pull-back could extend lower to 0.6680, 0.6620. We have highlighted the increasing risk of a short-term top in the past few updates and the break below 0.6745 yesterday finally confirmed that.

The current movement is viewed as a corrective pull-back that has room to extend lower to 0.6680 where a break would shift the focus to last week’s low near 0.6620. Strong resistance is at 0.6795 ahead of the key level of 0.6855."

No change from BoJ expected - BBH

Analysts at BBH explained that they do not expect a change from BoJ next week.
Read more Previous

AUD/USD: moving into critical bears territory

AUD/USD dropped away from the MA cluster on the hourly time frames and printed a low of 0.7210 from the 20/50 SMA cross at circa 0.7250 in Asia.
Read more Next
Start livechat