FXStreet (Guatemala) – Analysts at UOB explained that their stop-loss for the current bearish NZD/USD view at 0.6940 was barely intact with a high of 0.6924 yesterday.
“While it is getting increasingly likely that the bearish phase that started two weeks ago is close to an end, confirmation of an interim low is only upon a move above 0.6940.”
Until then, another attempt towards the revised target at 0.6795 cannot be ruled out just yet.”
(Market News Provided by FXstreet)