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Posted by
Two Blokes May 8 -
Filed in
Forex
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3 views
Sharp drop appears overdone, but New Zealand Dollar (NZD) could decline to 0.5920 against US Dollar (USD) before stabilisation is likely. In the longer run, price action suggests that NZD is still range-trading, likely between 0.5890 and 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
