The New Zealand Dollar (NZD) is under pressure, with analysts noting a potential decline but emphasizing that it may struggle to break significantly below the major support level at 0.5770. In the long term, there is a possibility for the NZD to dip below this key level. However, it remains uncertain whether it can sustain a position beneath it, as noted by UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann. Investors should monitor the NZD/USD closely as market conditions develop and adapt their trading strategies accordingly. Fluctuations in the currency market may create opportunities for savvy traders who stay attuned to economic trends.