NZD/USD stops adjusted on bearish outlook – UOB

FXStreet (Guatemala) – Analysts at UOB Group noted the technical conditions surrounding NZD/USD and explained that a clear break below last week’s low at 0.6880 is signalling the next leg lower towards the revised target at 0.6795.

Key Quotes:

“The risk for the next couple of days is still clearly on the downside.”

“Stop-loss for our bearish view has been moved lower to 0.6980 from 0.7020 yesterday.”

Analysts at UOB Group noted the technical conditions surrounding NZD/USD and explained that a clear break below last week’s low at 0.6880 is signalling the next leg lower towards the revised target at 0.6795.

(Market News Provided by FXstreet)