{"id":151374,"date":"2023-09-07T13:14:32","date_gmt":"2023-09-07T07:44:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151374"},"modified":"2023-09-07T13:14:32","modified_gmt":"2023-09-07T07:44:32","slug":"door-open-to-extra-decline-near-term-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/door-open-to-extra-decline-near-term-uob-crypto-news\/","title":{"rendered":"Door open to extra decline near term \u2013 UOB – Crypto News"},"content":{"rendered":"

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In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, NZD\/USD<\/strong><\/a> faces extra weakness in the next few weeks.<\/p>\n

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24-hour view:\u00a0We indicated yesterday that \u201cbarring a break above 0.5910, NZD could drop to 0.5840 before stabilisation is likely.\u201d However, NZD traded in a range between 0.5860 and 0.5903. The weakness in NZD does not appear to have stabilised. We continue to hold the view that NZD could drop to 0.5840 before stabilisation is likely. Only a break above 0.5900 (minor resistance is at 0.5885) would mean that the weakness in NZD has stabilised.\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0Our update from yesterday (06 Sep, spot at 0.5875) still stands. As highlighted, the rapid increase in momentum after the sharp drop on Tuesday is likely to lead to further NZD weakness. That said, it remains to be seen if the major support at 0.5800 is within reach this time around. The downside risk is intact as long as NZD stays below 0.5945 (no change in \u2018strong resistance\u2019 level from yesterday).\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, NZD\/USD faces extra weakness in the next few weeks. Key Quotes 24-hour view:\u00a0We indicated yesterday that \u201cbarring a break above 0.5910, NZD could drop to 0.5840 before stabilisation is likely.\u201d However, NZD traded in a range between […]<\/p>\n","protected":false},"author":2,"featured_media":8280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,298,257,276,255,250,715,252,247,253,249,256,254],"class_list":["post-151374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151374"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151374\/revisions"}],"predecessor-version":[{"id":151375,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151374\/revisions\/151375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8280"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}