The New Zealand dollar (NZD) can decrease further and test 0.5510 before stability. In the longer term, NZD risk on the negative side; It should be broken clearly to less than 0.5510 before moving to 0.5450 is likely to have FX analysts at UOB Group Quek Ser Leang and Peter Chia Note.
NZD can test 0.5510 before stability
24 -hour width: “The sharp decline in NZD appears to be excessive. However, weakening has not stabilized, NZD can decrease further and test 0.5500 before expecting the installation. Since the conditions work significantly, the continuous decline is lower From 0.5510 it looks unlikely.
1-3 weeks show: “Although the diving in NZD today indicates the continuing risk of the downside, it should be noted that 0.5510 is an important support level. NZD must be broken and less than this level before moving to 0.5450 is likely. It will remain a chance. NZD clearly to less than 0.5450 intact, provided that 0.5630 is not violated in the coming days.
