A slight rush raise will probably lead to a lower range of 0.5685/0.5730 instead of a indefinite decline. In the longer gear there was no further rush up; The break of 0.5660 would mean that recovery does not reach 0.5775, FX Group Analysts Quek Serand and Peter Chia.
They will probably replace for a lower range of 0.5685/0.5730
24-hour view: “We emphasized last Friday that” further trade seems likely, probably in the range of 0.5710/0.5760 “. The NZD then traded to a lower extent than expected (0.5695/0.5741).
1-3 weeks view: “Last Thursday (March 6, place at 0.5720), we emphasized that” current price movements are probably part of the recovery phase that can reach 0.5775 “. Then the NZD rose to 0.5760, and then withdrew.
