NZD/USD Expected to Trade Steadily Between 0.5920 and 0.5980, Analysts Suggest
The New Zealand Dollar anticipates a sideways trading pattern against the US Dollar between 0.5920 and 0.5980. Analysts from UOB Group highlight that the downward momentum is rapidly slowing. The likelihood of a decisive breakthrough above 0.6030 appears limited. Market participants should monitor these levels closely for potential trading opportunities going forward.