UOB predicts that the recovery of NZDUSD at 0.59586 could possibly continue and reach 0.6035.

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NZDUSD Chart by TradingView

UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang argue that there is scope for NZD/USD to extend the recovery further north of the 0.6000 threshold in the near term.

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