NZD/USD consolidating near-term – UOB

According to analysts at UOB Group, the Kiwi dollarremains in a consolidative phase vs. the US dollar in the short term.

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”.