NZD/USD: Upside bias intact above 0.6145 – UOB

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NZD/USD: Upside bias intact above 0.6145 – UOB
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NZD/USD: Upside bias intact above 0.6145 – UOB – by pabspiovano NZDUSD Currencies Crosses Banks

24-hour view: “We expected NZD to edge higher yesterday but we were of the view that it ‘is unlikely to break the major resistance at 0.6200’. However, NZD took out 0.6200 and surged to 0.6250. Upward momentum is strong and we expect NZD to rise further. That said, overbought conditions suggest 0.6300 could be out of reach today. Support is at 0.6220, followed by 0.6190.”

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