NZD/USD constructive above 0.6750 – UOB

The Kiwi dollar’s bias could shift to bullish in case the pair surpasses 0.6750, suggested the research team at UOB Group.

Key Quotes

“The recent bearish expectation for NZD was wrong”.

“The short-term up-move is gaining momentum but only a daily closing above 0.6750 would shift the current neutral outlook to bullish”.

“In the meanwhile, this pair is expected to remain underpinned as long as it can hold above 0.6625”.