NZD/USD: Any decline is likely to be part of a lower range of 0.5925/0.5970 – UOB Group

  • New Zealand Dollar (NZD) could pull back against US Dollar (USD), but any decline is likely to be part of a lower range of 0.5925/0.5970. In the longer run, weakness from early this month has come to an end; NZD is likely to consolidate between 0.5905 and 0.6000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.