There is a chance that the NZD/USD currency pair, which is currently at 0.62141, could decrease in value to 0.6125 according to UOB.

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NZDUSD Chart by TradingView

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, further selling pressure could drag NZD/USD to the 0.6125 region in the next few weeks.

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