The NZD/USD pair is currently trading below 0.6050, and analysts at UOB Group believe that the New Zealand dollar must break below this level in order to continue its downward trend. If the pair does break below 0.6050, it could potentially lead to further losses for the NZD.
UOB Group’s analysis suggests that breaking below 0.6050 is a key level for the NZD/USD pair, as it could indicate a continuation of the bearish trend. Traders will be closely watching this level to see if the NZD can sustain its downward momentum.
Overall, the outlook for the NZD/USD pair remains bearish, with the potential for further declines if the NZD breaks below 0.6050. Traders should keep a close eye on this key level to gauge the direction of the pair in the coming days.