The New Zealand Dollar (NZD) is expected to face continued downward pressure against the US Dollar (USD), with analysts from UOB Group projecting a potential decline to the 0.5585 level. This anticipated weakness comes amid a significant increase in bearish momentum within the currency pair, suggesting traders should prepare for further fluctuations in the exchange rate.
In a more pessimistic scenario, UOB analysts Quek Ser Leang and Peter Chia indicate that the NZD could even test 0.5565, emphasizing a cautious outlook for the currency. As trading dynamics evolve, market participants will be closely monitoring these key technical levels to gauge the NZD's resilience against the USD in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-20 09:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.