The NZD/USD pair is currently facing the possibility of breaking below the key support level of 0.6115, according to UOB Group. The pair has been struggling to maintain its position above this level, indicating a potential downward move in the near future.
If the NZD/USD pair breaks below 0.6115, it could signal further weakness in the pair’s performance. Traders are advised to keep a close eye on this level as a decisive break below it could lead to a sustained downward trend.
Overall, the NZD/USD pair is at a critical juncture and traders should be prepared for a potential break below 0.6115. Keeping a close watch on this support level will be crucial in determining the pair’s future direction.