NZD/USD Must Break Above 0.5850 for Sustained Gains, Says UOB Group
The New Zealand Dollar (NZD) is currently projected to trade between 0.5720 and 0.5850 against the US Dollar (USD). For any sustained upward movement to occur, NZD must close above the 0.5850 mark, according to analysts at UOB Group. Market participants should keep a close eye on these crucial levels, as much hinges on whether the NZD can break through this threshold for further advancement in price. Monitoring this trend will be critical for strategies moving forward.