NZD/USD back to neutral outlook – UOB

The outlook for the Kiwi dollar has returned to the neutral side, according to the research team at UOB Group.

Key Quotes

“We just turned neutral yesterday and there is no change to the view”.

“We have likely seen a short-term top last week and the current movement is viewed as the start of a consolidation phase and we expect this pair to trade in a neutral 0.6720/0.6930 range from here”.