NZD/USD: To face a sustained decline below 0.6050 – UOB Group
The New Zealand Dollar (NZD) is likely to consolidate in a range of 0.6070/0.6110. In the longer run, oversold weakness has not stabilised, but NZD must break clearly below 0.6050 before further sustained decline is likely, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. NZD to consolidate in a range of…