Created
: 2025.05.06
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
NZD/USD: Likely to trade in a range - UOB Group
Breaking news
NZD/USD: Likely to trade in a range - UOB Group
New
2025.05.06 18:45
2025.05.06 18:45
2025.05.06 18:45
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD is expected to trade in a 0.5890/0.6005 range
24-HOUR VIEW: "The advance in NZD yesterday failed to break the resistance at 0.6000, as it pulled back from 0.5996. The pullback amid slowing momentum and overbought conditions indicates that NZD is likely to trade in a range today, probably between 0.5930 and 0.5980."
1-3 WEEKS VIEW: "The current price movements in NZD appear to be part of a consolidation phase. For the time being, we expect NZD to trade in a 0.5890/0.6005 range. Looking ahead, provided that NZD does not break clearly below 0.5890, there is a chance for it to retest last month's high, near 0.6030."
Last updated
: 2025.05.06
Related articles
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
14 minutes agoEUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
29 minutes agoEU to target €100 billion of US goods with tariffs if talks fail - Bloomberg
2025.05.06 22:07EUR remarkably quiet despite political turmoil in Germany - Scotiabank
2025.05.06 21:02CAD is consolidating in recent range near high - Scotiabank
2025.05.06 21:00USD: Sentiment fragile as German politics hits European equities - Scotiabank
2025.05.06 20:58
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/JPY declines as Yen gains on trade friction and cautious global sentiment
USD/JPY continues to trade lower as renewed safe-haven demand supports the Japanese Yen (JPY).
New
2025.05.06 23:02EUR/GBP slumps to near 0.8460 as Pound Sterling outperforms across the board
The EUR/GBP pair falls sharply to near 0.8460 during North American trading hours on Tuesday, the lowest level seen in a month. The pair slumps as the Pound Sterling (GBP) outperforms its peers in a risk-off market sentiment.
New
2025.05.06 22:47EU to target €100 billion of US goods with tariffs if talks fail - Bloomberg
Citing people familiar with the matter, Bloomberg reported on Tuesday that the European Union (EU) plans to target about €100 billion worth of United States (US) imports with additional tariffs if they fail to reach a deal with the US.
New
2025.05.06 22:07EUR remarkably quiet despite political turmoil in Germany - Scotiabank
The Euro (EUR) is quiet and trading within a remarkably tight range, given the broader context of uncertainty and German Chancellor Merz' failure to secure a majority for his confirmation vote in the German parliament, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.06 21:02CAD is consolidating in recent range near high - Scotiabank
The CAD is entering Tuesday's NA session unchanged vs. the USD, its range tightly bound within a marginally bullish (USD/CAD bearish) trend channel from mid April, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.06 21:00USD: Sentiment fragile as German politics hits European equities - Scotiabank
Markets are generally quiet and G10 currencies are trading in a mixed fashion against the US Dollar (USD), with no clear overriding theme or risk tone as we head into Tuesday's NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.06 20:58Mexican Peso slips as USD/MXN rises on mixed US data, Fed in focus
The Mexican Peso (MXN) is under pressure against the US Dollar (USD) in Tuesday's European session as markets brace for the Federal Reserve's (Fed) monetary policy decision on Wednesday.
New
2025.05.06 20:37Silver Price Forecast: XAG/USD rallies to near $33 on Trump's fresh tariff threats
Silver price (XAG/USD) surges to near $33.00 during European trading hours on Tuesday. The white metal strengthens as demand for safe-haven assets increasez after United States (US) President Donald Trump threatened to impose tariffs on pharmaceuticals.
New
2025.05.06 20:07US Dollar consolidates as markets digest the Taiwanese Dollar's shockwave
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges lower while remaining stuck in a very tight range on Tuesday.
New
2025.05.06 19:58AUD/USD retraces to near 0.6450 on slowdown in China's PMI
The AUD/USD pair corrects sharply to near 0.6450 in Tuesday's European session from the five-month high of 0.6500 posted on Monday. The Aussie pair retraces as the Australian Dollar (AUD) underperforms across the board due to a slowdown in business activity in China.
New
2025.05.06 19:30Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
