The NZD/USD pair is currently seeing a lack of momentum from bearish traders, according to OCBC. The bears appear to be feeling lethargic in their efforts to push the pair lower. This could indicate a potential shift in market sentiment towards the New Zealand dollar.
It is important to keep an eye on the pair’s movement as it may provide clues about the future direction of the NZD/USD exchange rate. Traders should stay cautious and monitor any developments that may impact the pair’s movement in the coming days.