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Posted by
Two Blokes Jun 4 -
Filed in
Forex
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2 views
Rally in New Zealand Dollar (NZD) could extend to 0.6070 before a pause can be expected against US Dollar (USD); major resistance at 0.6095 is likely out of reach for now. In the longer run, rapid buildup in upward momentum indicates further NZD strength; the level to monitor is 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
