There is potential for further consolidation in the NZD/USD currency pair as it is currently trading at 0.59067, according to UOB.

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NZDUSD Chart by TradingView

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group see NZD/USD trading within the 0.5860-0.5960 range in the next few weeks.

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