NZD/USD: Likely to trade with an upward bias – UOB Group

  • New Zealand Dollar (NZD) is likely to trade with an upward bias against US Dollar (USD); the major resistance at 0.6095 is likely out of reach. In the longer run, upward momentum remains largely unchanged, but there is a chance for NZD to test 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.