is likely to navigate within the 0.6130-0.6250 range in the next few weeks.24-hour view: We expected NZD to trade in a range of 0.6180/0.6230 yesterday. However, after dropping to 0.6167, NZD rebounded to 0.6217 before ending the day little changed at 0.6212 . The price actions offer no fresh clues and today, we expect NZD to trade in a range of 0.6175/0.6230.
Next 1-3 weeks: There is not much to add to our update from yesterday . As highlighted, we continue to expect NZD to trade in a range even though the slightly firmed underlying tone suggests a higher range of 0.6130/0.6250. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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