The Kiwi dollar remains poised for further upside above the 0.6750 area, suggested the research team at UOB Group.
Key Quotes
“While the price action in NZD has turned bullish once again, we are again approaching the massive 0.6880/00 resistance zone where NZD topped out in October and December last year”.
“However, as long as the stop-loss at 0.6750 is intact, it is hard to go against the current strong upward pressure”.
(Market News Provided by FXstreet)