In opinion of the research team at UOB Group, the perspective of NZD/USD has now turned to neutral from bullish.
Key Quotes
“We just shifted to neutral stance yesterday and there is no change to the view”.
“The recent attempt to break higher has failed and NZD has likely moved back into a broad sideway range between 0.6650 and 0.6900”.
(Market News Provided by FXstreet)