3 weeks NZD/USD: Risks for NZD are on the downside – UOB Group FXStreet

New Zealand Dollar (NZD) could drop further and test 0.5510 before stabilization can be expected. In the longer run, risks for NZD are on the downside; it must break clearly below 0.5510 before a move to 0.5450 is likely, UOB Group’s FX analysts Quek S…