FXStreet (Guatemala) – Analysts at UOB Group explained that they have highlighted the increasing risk of a short-term top in the past few updates in NZD/USD.

Key Quotes:

“The break below 0.6745 yesterday finally confirmed that.”

“The current movement is viewed as a corrective pull-back that has room to extend lower to 0.6680 where a break would shift the focus to last week’s low near 0.6620. Strong resistance is at 0.6795 ahead of the key level of 0.6855.”

Analysts at UOB Group explained that they have highlighted the increasing risk of a short-term top in the past few updates.

(Market News Provided by FXstreet)

By FXOpen