NZD/USD neutral near-term – UOB

According to the research team at UOB Group, the perspective for the Kiwi dollar has shifted to the neutral side in the 1-3 weeks.

Key Quotes

“Similar to AUD/USD, we turned neutral on NZD yesterday with expectation that the current pull-back could extend lower but any further weakness is likely limited to 0.6500”.

“Only a move back above 0.6745 would indicate that the downward pressure has eased”.