The NZD/USD pair, currently trading at 0.63056, has seen a decrease in upward pressure as it has fallen below the 0.6285 level.

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NZDUSD Chart by TradingView

NZD/USD could see its bid bias losing traction on a close below the 0.6285 level, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

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