NZD/USD: Extra losses appear likely below 0.6440 – UOB By pabspiovano NZDUSD Currencies Crosses Banks
could accelerate the decline if 0.6440 is cleared in the next weeks, commented FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We expected NZD to ‘trade sideways between 0.6490 and 0.6550’ yesterday. NZD subsequently rose to 0.6540 before staging a surprisingly sharp drop to 0.6465. The rapid decline appears to running ahead of itself and NZD is unlikely to weaken much further. For today, NZD is more likely to trade between 0.6460 and 0.6515.
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