The New Zealand Dollar (NZD) is expected to trade in a narrow range between 0.5760 and 0.5790 against the US Dollar (USD). According to UOB Group's FX analysts, Quek Ser Leang and Peter Chia, this consolidation reflects a temporary market equilibrium, driven by current economic conditions and investor sentiment.
In the longer term, the potential for the NZD to gain strength above the 0.5800 mark appears to be waning. This diminishing upward momentum suggests that traders may need to reassess their strategies, as external factors could influence the exchange rate in the coming weeks. Market participants should remain vigilant as they navigate the fluctuations in this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 09:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.