UOB predicts that the next level of support for NZDUSD, currently at 0.60660, will be at 0.6020.

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NZDUSD Chart by TradingView

In the view of UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, NZD/USD risks a probable drop to the 0.6020 region in the near term.

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