The post Any further advance is unlikely to reach 0.5755 – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) could rise above 0.5735; any further advance is unlikely to reach 0.5755. In the longer run, the price action suggests NZD is likely to advance further; the levels to watch are 0.5735 and 0.5755, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. NZD is likely to advance further 24-HOUR VIEW: “NZD surged to a high of 0.5702 two days ago. Yesterday, we highlighted that ‘there is a chance for NZD to rise to 0.5735’. However, we were of the view that ‘given the deeply overbought conditions, a sustained rise above this level is unlikely’. NZD subsequently rose to a high of 0.5732. Although upward momentum has not increased much, NZD could rise above 0.5735 today. Based on the current momentum, any further advance is unlikely to reach the next resistance at 0.5755. Support levels are at 0.5710 and 0.5695.” 1-3 WEEKS VIEW: “We revised our view on NZD to positive two days ago (26 Nov, spot at 0.5660). We highlighted that ‘the rapid increase in short-term upward momentum could lead to NZD testing 0.5690’. After NZD subsequently soared to 0.5702, we highlighted yesterday (27 Nov, spot at 0.5700) that ‘the price action suggests NZD is likely to advance further, and the levels to watch are 0.5735 and 0.5755’. We pointed out that ‘to keep the momentum going, NZD must not break below 0.5640 (‘strong support’ level)’. We maintain the same view, but the ‘strong support’ level is now at 0.5665 instead of 0.5640.” Source: https://www.fxstreet.com/news/nzd-usd-any-further-advance-is-unlikely-to-reach-05755-uob-group-202511281117The post Any further advance is unlikely to reach 0.5755 – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) could rise above 0.5735; any further advance is unlikely to reach 0.5755. In the longer run, the price action suggests NZD is likely to advance further; the levels to watch are 0.5735 and 0.5755, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. NZD is likely to advance further 24-HOUR VIEW: “NZD surged to a high of 0.5702 two days ago. Yesterday, we highlighted that ‘there is a chance for NZD to rise to 0.5735’. However, we were of the view that ‘given the deeply overbought conditions, a sustained rise above this level is unlikely’. NZD subsequently rose to a high of 0.5732. Although upward momentum has not increased much, NZD could rise above 0.5735 today. Based on the current momentum, any further advance is unlikely to reach the next resistance at 0.5755. Support levels are at 0.5710 and 0.5695.” 1-3 WEEKS VIEW: “We revised our view on NZD to positive two days ago (26 Nov, spot at 0.5660). We highlighted that ‘the rapid increase in short-term upward momentum could lead to NZD testing 0.5690’. After NZD subsequently soared to 0.5702, we highlighted yesterday (27 Nov, spot at 0.5700) that ‘the price action suggests NZD is likely to advance further, and the levels to watch are 0.5735 and 0.5755’. We pointed out that ‘to keep the momentum going, NZD must not break below 0.5640 (‘strong support’ level)’. We maintain the same view, but the ‘strong support’ level is now at 0.5665 instead of 0.5640.” Source: https://www.fxstreet.com/news/nzd-usd-any-further-advance-is-unlikely-to-reach-05755-uob-group-202511281117

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more