The New Zealand dollar (NZD) is probably trading between 0.5790 and 0.5840. In the longer term, the rapid accumulation of momentum continues to propose NZD power; The viewing level is 0.5870, FX analysts at UOB Group Quek Ser Leang and Peter Chia Note.
The viewing level is 0.5870
24 hours width: “On Monday, NZD rose to a height of 0.5826. Then NZD was traded in a narrower range of expected (0.5798/0.5831), with a traumatic closure of 0.02 % at 0.5821.
1-3 Show weeks: “There is not much to add it to our update yesterday (March 18, Al-Baqa at 0.5820). As highlighted,“ Rapid accumulation in momentum continues to propose NZD power, and the level that must be monitored on the upper side is 0.5870. “We will continue to keep the same opinion as long as” strong support “at 0.5755 (the level was at 0.5740 yesterday) is sound.
