NZD/USD: The next major resistance at 0.5905 is likely out of reach for now – UOB Group

  • The next major resistance for NZD/USD at 0.5905 is likely out of reach for now. In the longer run, NZD is expected to strengthen; the level to watch is 0.5905, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.