NZD/USD: Chance of breaking above 0.6030 – UOB Group

  • New Zealand Dollar (NZD) could break above 0.6030 vs US Dollar (USD) but might not be able to maintain a foothold above this level; 0.6060 is probably out of reach. In the longer run, NZD is likely to trade with an upside bias to 0.6030, with scope to extend further to 0.6060, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.