RSS NZD/USD: Sustained break below 0.5570 seems unlikely – UOB Group

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 RSS NZD/USD: Sustained break below 0.5570 seems unlikely – UOB Group

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Scope for the New Zealand (NZD) to test the 0.5570 level; a sustained break below this level seems unlikely. In the longer run, risk for NZD is beginning to shift to the downside, but it must break clearly below 0.5570, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
 
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