NZD/USD Update: Struggles at 0.6000 Resistance
The New Zealand Dollar shows signs of potential upward movement but faces challenges in breaking clearly above the 0.6000 mark. Despite the bullish outlook, momentum suggests that NZD needs to close convincingly above this level for further advances. Analysts at UOB Group caution that while gains could be made, resistance at 0.6000 could thwart progress in the near term. Traders should watch developments closely and adjust their strategies in response to evolving trends in NZD/USD movements.