The NZD/USD currency pair is witnessing a slight increase in downward momentum, suggesting it may settle into a lower trading range of 0.5720 to 0.5765. Analysts from UOB Group, Quek Ser Leang and Peter Chia, indicate that while a continued decline seems unlikely for now, the New Zealand dollar is expected to trade within this range in the short term.
Looking further ahead, the analysts anticipate that the NZD will fluctuate between 0.5720 and 0.5805. This trading outlook implies that while immediate downward pressure is present, broader market conditions may stabilize the exchange rate, providing traders with defined levels to watch in their transactions involving the New Zealand and US dollars.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 10:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.