The New Zealand Dollar (NZD) is facing challenges as its oversold condition has not stabilized. Reports indicate that the NZD could decline further; however, a significant break below the 0.5640 level may not be imminent. Analysts at UOB Group highlight a rapid increase in momentum, suggesting that the NZD is likely to move lower in the longer term. Notably, the major support level at 0.5610 may not be reached quickly, signaling mixed sentiments for traders in the forex market.