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25 Feb 2013
Forex Flash: NZD/USD expected at 0.87 by year end - NAB
NAB strategists remain constructive on the Kiwi over the medium-term although seems to be favoring the downside in the short term, saying "we find the downside a little more compelling in the near-term."
NAB expands: "Near-term, strong support will likely be found on any pullback into the 0.8250-0.8300 window." The bank still sees NZD/USD uptrend "likely to resume before long suggesting any such pull-back should be viewed as a buying opportunity" they say. NAB expects a year-end level of 0.8700.
NAB expands: "Near-term, strong support will likely be found on any pullback into the 0.8250-0.8300 window." The bank still sees NZD/USD uptrend "likely to resume before long suggesting any such pull-back should be viewed as a buying opportunity" they say. NAB expects a year-end level of 0.8700.