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June 6, 2025

NZD/USD Test of 0.6000 Looms After Rejection at 0.6080 Level

The New Zealand Dollar’s attempts to move higher hit a brick wall at the 0.6080 level, and the pair is now trending downward against a stronger US Dollar. This decline signals an increasing likelihood of revisiting the 0.6000 support level. Following several disappointing economic releases from the US, investors are reevaluating their positions, causing the Greenback to regain some footing. The upcoming Nonfarm Payrolls report will likely impact overall market sentiment significantly. Traders should stay alert to the unfolding dynamics that could drive future movements in the NZD/USD pair.

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