The New Zealand Dollar (NZD) against the US Dollar (USD) pair is expected to continue its decline towards the 0.6170 level, according to UOB Group. The outlook for the NZD/USD remains bearish as the pair continues to weaken.
UOB Group’s analysis suggests that the NZD/USD pair could potentially reach the 0.6170 mark in the near future. This downward trend is likely to persist as the USD remains strong against the NZD.
Investors and traders should keep a close eye on the NZD/USD pair as it approaches the 0.6170 level. The current market conditions indicate a potential further decline in the pair’s value.
Overall, the outlook for the NZD/USD pair remains negative, with the potential for continued weakening towards the 0.6170 level. Traders should monitor the pair closely for any further developments in the market.