The outlook for the New Zealand Dollar looks cautiously optimistic following a recent rate cut from the Reserve Bank of New Zealand. There are doubts about the extent to which rates can decrease further, prompting some stability in the currency. After experiencing volatility, the NZD/USD exchange rate advanced to 0.5965, recovering slightly from earlier highs of 0.5980. As traders assess these developments, movements toward the 0.600 mark in the coming weeks could be on the horizon.