NZD/USD Forecast: Bulls Target 0.6030 as Kiwi Pushes Above 0.6000

NZD/USD Seeks Breakout Beyond Key Resistance

The New Zealand Dollar (NZD) continues to show resilience against the US Dollar (USD), with the NZD/USD pair maintaining strength just below the 0.6000 mark. According to UOB Group, the pair may attempt to test the next major resistance at 0.6030 if upward momentum strengthens.

24-Hour View: Mild Bullish Pressure Builds

While NZD/USD traded in a tight range last Friday between 0.5948 and 0.5988, the modest price action has sparked mild bullish momentum. Analysts now see a potential intraday move toward 0.6000. However, a decisive breakout remains uncertain. Immediate support lies at 0.5960, followed by stronger support at 0.5945.

Weekly Outlook: Bullish Scenario Hinges on 0.6000 Break

For the medium-term view, UOB maintains its outlook of NZD/USD trading within a 0.5900–0.6000 range unless a sustained move above 0.6000 unfolds. A confirmed breakout over that threshold could pave the way for a rally toward 0.6030, a key technical resistance level.

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