Forex Flash: NZD/USD expected at 0.87 by year end - NAB

FXstreet.com (Barcelona) - 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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS