The NZDUSD currency pair is currently trading at 0.59562. Although there is pressure for the price to decrease, it has been reduced above the level of 0.5985, according to UOB.

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NZDUSD Chart by TradingView

NZD/USD could see its selling bias alleviated once it breaks above the 0.5985 level, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group.

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