Range Trading Expected for NZD USD as Analysts Weigh Outlook
The outlook for the NZD/USD currency pair remains uncertain as it is likely to trade within a range of 0.5605 to 0.5675. In a broader perspective, analysts from UOB Group suggest that the New Zealand dollar may navigate between 0.5595 and 0.5720. This continued range-bound activity indicates a lack of decisive market direction, providing traders with critical insights to make informed decisions as they monitor developments in the forex market.