The downward pressure on the NZDUSD currency pair has lessened, especially above the level of 0.6255, according to the financial institution UOB.

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NZDUSD Chart by TradingView

A move above 0.6255 should mitigate the selling bias in NZD/USD in the short term, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

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