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13 Oct 2015
NZD/USD: minor reversal coming up? - UOB
FXStreet (Guatemala) - Analysts at UOB Group are expecting a short term pullback in NZD/USD.
Key Quotes:
"As pointed out last Friday, the current NZD strength appears to have scope to extend higher to 0.6740 (high of 0.6722 last Friday).
While this level could still be tested within the next couple of days, short-term momentum is slowing down and this suggests that a corrective pull-back is imminent."
However, only a move back below the stop-loss at 0.6620 would indicate that a short-term top is in place."
Key Quotes:
"As pointed out last Friday, the current NZD strength appears to have scope to extend higher to 0.6740 (high of 0.6722 last Friday).
While this level could still be tested within the next couple of days, short-term momentum is slowing down and this suggests that a corrective pull-back is imminent."
However, only a move back below the stop-loss at 0.6620 would indicate that a short-term top is in place."