The New Zealand Dollar (NZD) is predicted to experience sideways trading, mostly confined to the range between 0.5925 and 0.5975. Analysts from UOB Group note that upward momentum has weakened, suggesting that the NZD will likely trade between 0.5900 and 0.6000 in the coming weeks.

For traders, this period may offer limited opportunities but remaining aware of these movements is key in devising effective strategies. Staying attuned to broader market trends and New Zealand’s economic conditions may provide insights for future trades.