As long as 0.6005 is not breached, the New Zealand Dollar (NZD) could decline further. Impulsive momentum suggests further NZD weakness, but conditions are severely oversold, and it remains to be seen if it can break below 0.5940, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes.
A break below 0.5940 is possible
24-HOUR VIEW: “We expected NZD to trade sideways yesterday. Our view was incorrect. Instead of trading sideways, NZD plummeted and closed lower by 0.49% (0.5980). The sharp and swift drop appears to be overdone, but as long as 0.6005 (minor resistance is at 0.5995) is not breached, NZD could decline further. However, any decline is unlikely to reach 0.5940 (there is another support level at 0.5960).”
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
Suka artikel ini? Tunjukkan penghargaan anda dengan menghantar tip kepada pengarang.
Balas 0
terhangat
Tiada ulasan lagi.Jadilah yang pertama berkongsi pandangan anda.
Tiada ulasan lagi. Jadilah yang pertama berkongsi pandangan anda.