NZD/USD: Likely to trade in a range between 0.5910 and 0.5950 – UOB Group

FXStreet Insights Team FXStreet

New Zealand Dollar (NZD) is likely to trade in a range between 0.5910 and 0.5950. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

NZD has likely entered a consolidation phase

24-HOUR VIEW: "Last Thursday, NZD rose to a high of 0.5991 and then plummeted to a low of 0.5910. On Friday, when it was at 0.5920, we indicated that 'further declines are not ruled out, but given the oversold conditions, any weakness is likely part of a lower range of 0.5905/0.5950.' NZD subsequently traded between 0.5909 and 0.5939. Today, we continue to expect NZD to trade in a range, most likely between 0.5910 and 0.5950."

1-3 WEEKS VIEW: "We highlighted last Friday (15 Aug, spot at 0.5920) that NZD 'has likely entered a consolidation phase, expected to be between 0.5880 and 0.5980.' We continue to hold the same view."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

AUD/USD holds losses above 0.7100 amid risk aversion

AUD/USD is off the lows but remains in the red above 0.7100 in Friday's Asian trading. Broad risk-aversion amid US-Iran uncertainty, combined with weak Australian GDP data, weighs heavily on the higher-yielding Australian Dollar. All eyes now remain on the US NFP report for fresh impetus.

USD/JPY coiling up around 160.00 amid 'Yentervention' threats

USD/JPY sits glued near 160.00 in Asia on Friday, as the Japanese Yen remains supported by persistent 'Yentervention' threats by Japan's officials. However, the pair's downside remains capped by the Mideast tensions-led risk-off mood and the US Dollar's bullish consolidation.

Gold tumbles as lack of US‑Iran ceasefire progress weighs

Gold price attracts some sellers to near weekly low during the early European session. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.

RBI keeps repo rate unchanged in June: What 5.25% means for the Indian Rupee this week

The Reserve Bank of India decided to keep the repo rate unchanged at 5.25% after concluding the June monetary policy meeting on Friday. The decision aligned with the market expectations.

Top 3 Price Prediction: Bitcoin eyes $60,000, Ethereum risks $1,750, XRP could test $1

Bitcoin, Ethereum, and Ripple prices edge lower on Friday, extending a steady decline of roughly 15% so far this week. Institutional outflows weigh on Bitcoin and Ethereum while XRP largely follows the broader market trend.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.