Current market conditions point to an overbought status for the New Zealand Dollar (NZD). Instead of rising, the NZD is likely to trade within a range between 0.5960 and 0.6020 against the US Dollar (USD). To advance significantly, traders note the NZD must break and sustain levels above 0.6030. Analysts from UOB Group highlight that without this breakthrough, ranging conditions are likely to continue. Traders should keep a close watch on market movements and key levels as they devise their trading strategies.