NZD/USD: Still room for further upside – UOB – by pabspiovano NZDUSD Currencies Crosses Banks
24-hour view: “We highlighted yesterday that NZD ‘is likely to trade sideways between 0.6340 and 0.6415’. However, NZD rose to a high of 0.6426, dropped to 0.6363 before closing little changed at 0.6382 . Upward momentum has improved a tad and NZD could test 0.6430 first before the risk of a more sustained pullback increases. The major resistance at 0.6470 is not expected to come into view. Support is at 0.6370, followed by 0.6350.
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