The post Likely to trade in a 0.5605/0.5675 range – UOB Group appeared on BitcoinEthereumNews.com.

Outlook is unclear; New Zealand Dollar (NZD) is likely to trade in a 0.5605/0.5675 range. In the longer run, for the time being, NZD is likely to trade in a range between 0.5595 and 0.5720, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. The outlook for NZD vs. USD is unclear 24-HOUR VIEW: “We expected NZD to ‘trade in a 0.5640/0.5675 range’ yesterday. Our view was incorrect as NZD traded between 0.5601 and 0.5671, closing at 0.5642 (-0.23%). The outlook is unclear, and NZD is likely to trade in a 0.5605/0.5675 range today.” 1-3 WEEKS VIEW: “Our latest narrative was from Tuesday (11 Feb, spot at 0.5640), wherein “for the time being, NZD is likely to trade in a range between 0.5595 and 0.5720.” Our narrative remains unchanged.” Source: https://www.fxstreet.com/news/nzd-usd-likely-to-trade-in-a-05605-05675-range-uob-group-202502130959

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Filed under: News - @ February 13, 2025 11:19 am