NZD/USD: Likely to trade in a sideways range of 0.5805/0.5840 – UOB Group

FXStreetOct 6, 2025 10:26 AM

View all comments（0）



New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5805/0.5840. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZD has likely moved into a range-trading phase

24-HOUR VIEW: "We stated last Friday that NZD 'appears to have entered a sideways trading phase,' and we expected it to 'trade between 0.5790 and 0.5830.' However, NZD traded in a higher range of 0.5814/0.5838. There has been little to no change in directional momentum, and we continue to expect sideways trading. Expected range for today: 0.5805/0.5840."

1-3 WEEKS VIEW: "Our update from last Thursday (02 Oct, spot at 0.5820) still stands. As highlighted, 'the price action suggests that NZD is likely to trade in a range for now, expected to be between 0.5770 and 0.5865'."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SK Hynix Shares Surge Over 8%. U.S. IPO Draws 7-Fold Oversubscription, Can It Return to Historic Highs by the End of July?

SK Hynix's US IPO was oversubscribed, boosting its stock price; however, it is unlikely to return to its historical highs by the end of July.

Micron Technology (MU) Stock Forecast: AI Memory Boom Keeps Bulls Focused on $1,100 After Trendline Rebound

Micron rebounds from ascending trendline support as AI-driven HBM demand continues to reshape earnings. Can MU extend toward $1,103 after record Q3 results?

Japan and South Korea Stocks Surge at Open: Nikkei 225 and Kospi Soar Together, SK Hynix and Kioxia Jump 8%, Samsung and SoftBank Follow

Japanese and South Korean stock markets opened higher and continued to rise, with the KOSPI Index and the Nikkei 225 index gaining to varying degrees. SK Hynix and Kioxia surged by approximately 8%, while Samsung Electronics and SoftBank tracked the gains.

FOMC Minutes: Fed Shifts to Neutral Wait-and-See Stance, a Few Officials See Need to Raise Rates, Upside Inflation Risks Become Core Conflict

The Federal Reserve released the minutes of its June 16-17 FOMC monetary policy meeting on July 8. The document shows that the Fed's policy has completely shifted to a neutral, wait-and-see stance, with upside risks to inflation becoming the core contradiction. This FOMC meeting sent a clear signal that the Fed has completely moved away from its previous unilateral rate-cut bias and entered a period of two-way, flexible policy observation. Higher-than-expected inflation stickiness and its broadening scope are the core reasons for this policy shift, while the resilience of employment and growth provides room for flexible policy adjustments. Officials confirmed a further rise in inflation, noting that pressures are no longer confined to exogenous factors such as energy and tariffs. Instead, price increases have spread across a wide range of categories including transportation, airfares, and oil, with service inflation excluding housing showing almost no improvement. In the short term, as shipping through the Strait of Hormuz recovers and the marginal effects of tariffs fade, inflation is expected to decline gradually.

What Is OKX’s 2026 Strategy? Bridging CEX Security and DEX Innovation

Discover OKX’s 2026 strategic roadmap: a dual-track expansion into the U.S. market and a radical security overhaul for decentralized finance. Learn how OKX is leveraging $30B+ in assets, the 39th Proof of Reserves, and TEE-powered "smart accounts" to bridge the gap between CEX resilience and DEX inn

Featured Tools