{"id":50373,"date":"2025-10-02T18:17:18","date_gmt":"2025-10-02T11:17:18","guid":{"rendered":"https:\/\/hbbgroup.net\/nzd-usd-likely-to-test-0-5840-before-the-risk-of-a-pullback-increases-uob-group\/"},"modified":"2025-10-02T18:17:18","modified_gmt":"2025-10-02T11:17:18","slug":"nzd-usd-likely-to-test-0-5840-before-the-risk-of-a-pullback-increases-uob-group","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/nzd-usd-likely-to-test-0-5840-before-the-risk-of-a-pullback-increases-uob-group\/","title":{"rendered":"NZD\/USD: Likely to test 0.5840 before the risk of a pullback increases \u2013 UOB Group"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>There is a chance for New Zealand Dollar (NZD) to test 0.5840 before the risk of a pullback increases. In the longer run, NZD has likely moved into a 0.5770\/0.5865 range-trading phase, UOB Group&#8217;s FX analysts Quek Ser Leang and Peter Chia note. <\/p>\n<h2>NZD is likely to trade in a range for now<\/h2>\n<p>24-HOUR VIEW: &#8220;We did not anticipate the sharp rise in NZD that reached a high of 0.5831 (we were expecting consolidation). Despite the relatively sharp advance, upward momentum has not increased significantly. That said, there is a chance for NZD to test 0.5840 before the risk of a pullback increases. We do not expect the major resistance at 0.5865 to come under threat. Support is at 0.5805; a breach of 0.5790 would indicate that the current upward bias has faded.&#8221; <\/p>\n<p>1-3 WEEKS VIEW: &#8220;We have held a negative stance on NZD since the middle of last month (as annotated in the chart below). Yesterday (01 Oct, spot at 0.5795), we indicated that &#8216;downward momentum has slowed further, and unless there is a meaningful decline soon, a break above 0.5815 would suggest that NZD has moved into a range-trading phase.&#8217; NZD subsequently rose above 0.5815, reaching a high of 0.5831. The price action suggests that NZD is likely to trade in a range for now, expected to be between 0.5770 and 0.5865.&#8221;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>There is a chance for New Zealand Dollar (NZD) to test 0.5840 before the risk of a pullback increases. In [&hellip;]<\/p>","protected":false},"author":5,"featured_media":50374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-50373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/50373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=50373"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/50373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/50374"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=50373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=50373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=50373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}