fxstreet.com 04 Feb, 2021 07:30 am

Rising bets for a breakdown of 0.7250 – UOB

Rising bets for a breakdown of 0.7250 – UOB
The probability of NZD/USD to break below 0.7250 remains on the rise, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected

Key Quotes 24-hour view: “We expected NZD to strengthen yesterday but we were of the view that ‘overbought conditions suggest any advance is unlikely to threaten last week’s peak at 0.7175) where we expected NZD to ‘trade between 0.Upward momentum is beginning to improve and the bias is tilted to the upside.However, shorter-term momentum is beginning to improve and the odds for a break of 0.

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