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4 Mar 2015
NZD/USD bullish towards 0.7650 – UOB Group
FXStreet (Barcelona) - Analysts at UOB Group, maintain a bullish view on NZD/USD as long as the pair trades above 0.7500.
Key Quotes
“The trailing-stop for our bullish NZD view at 0.7500 continues to hold and as long as this level is intact, we cannot rule out another leg higher to take out the recent high near 0.7610/15 for a move towards the next resistance at 0.7650.”
“A break below 0.7500 would suggest NZD has entered a neutral consolidation phase.”
Key Quotes
“The trailing-stop for our bullish NZD view at 0.7500 continues to hold and as long as this level is intact, we cannot rule out another leg higher to take out the recent high near 0.7610/15 for a move towards the next resistance at 0.7650.”
“A break below 0.7500 would suggest NZD has entered a neutral consolidation phase.”