In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, further selling pressure could drag NZD/USD to the 0.6125 region in the next few weeks.
Key Quotes
24-hour view: Our view for NZD to weaken further yesterday was incorrect. Instead of weakening, NZD rebounded to a high of 0.6215. We view the current movements as part of a consolidation phase. Today, we expect NZD to trade in a range between 0.6165 and 0.6230.
Next 1-3 weeks: We highlighted yesterday (24 Jul, spot at 0.6175) that improved downward momentum is likely to lead to NZD weakness to 0.6125. We continue to hold the same view, even though NZD could consolidate for a couple of days before heading lower. Overall, only a breach of 0.6255 (no change in ‘strong resistance’ level) would suggest the current downward pressure has eased.
風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。
