NZD/USD Expected to Trade Within a Range of 0.5975 to 0.6040

NZD/USD Expected to Trade Within a Range of 0.5975 to 0.6040

The New Zealand Dollar (NZD) is projected to trade sideways against the US Dollar (USD), fluctuating within a range of 0.5975 to 0.6040 in the near term. Despite some unexpected short-term volatility, the broader outlook suggests the pair will remain in a range-bound phase.

In the longer term, NZD/USD is likely to oscillate between 0.5900 and 0.6090, as market participants await clearer directional cues. Traders should watch for key economic data releases and geopolitical events that could influence the pair's movement.

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