NZD/USD: Likely to consolidate between 0.5895 and 0.594 – UOB Group

New Zealand Dollar (NZD) is likely to consolidate between 0.5895 and 0.5945. In the longer run, price action indicates NZD is likely to continue to rise, but it remains to be seen if the major resistance at 0.5990 is within reach, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Read Full Article