NZD/USD: Likely to range-trade between 0.5700 and 0.5740 – UOB Group

FXStreetOct 16, 2025 11:08 AM

View all comments（0）



New Zealand Dollar (NZD) is likely to range-trade between 0.5700 and 0.5740. In the longer run, there is a chance for NZD to test 0.5660 before the risk of a stronger recovery increases, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Chance for NZD to test 0.5660 before recovering

24-HOUR VIEW: "Yesterday, we expected NZD to 'range-trade between 0.5690 and 0.5730.' Our view of range trading was not wrong, even though NZD traded in a narrower range than expected (0.5706/0.5731). The price action provides no fresh clues, and we continue to expect range-trading today, most likely within a range of 0.5700/0.5740."

1-3 WEEKS VIEW: "Last Wednesday (08 Oct, spot at 0.5750), we indicated that 'the outlook for NZD has shifted to negative, and the level to watch is 0.5690.' After NZD fell to a low of 0.5685, we highlighted yesterday (15 Oct, spot at 0.5710) that 'while there has been no significant increase in downward momentum, there is a chance for NZD to test 0.5660 before the risk of a stronger recovery increases.' We will maintain the same view as long as 0.5750 (no change in ‘strong resistance’ level) holds."

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

Micron Stock Price Forecast: $250 Billion Investment Plan Boosts Sentiment, Stock Price Expected to Rise to $1,400 in July

TradingKey - As of July 9 ET, Micron Technology (MU) was trading at $991.64, up 4.42% for the day, with an intraday high of $1,035.00. Benefiting from the company's announced plan to expand investment in the U.S., the price correction may be ending, signaling the start of a new rally.

Palantir (PLTR) Stock Forecast: Nvidia Partnership, Burry Covered, Trump Bought - Is the Bottom In?

Palantir surged 9% on July 1 after a Nvidia AI partnership, Burry trimming his short, and Trump disclosing a $1M+ PLTR stake. DA Davidson upgraded to Buy at $175. At $127 down 27% YTD, is the rotation beginning?

Broadcom (AVGO) Stock Price Forecast: Apple’s $30B US Chip Deal Confirmed - Buy at $404?

Apple confirmed a $30B+ multiyear Broadcom chip deal for 15 billion US-made chips, including a $1.5B Colorado facility expansion. AVGO at $404, defying a broad selloff driven by Trump declaring the Iran ceasefire over

Japan and South Korea Stocks Open Strong: SoftBank Surges 7% to Lead, SK Hynix, Samsung and Kioxia All Rally Over 4%

Both the Japanese and South Korean stock markets opened sharply higher, with the Nikkei 225 and the KOSPI index continuing to surge. SoftBank soared nearly 7%, while SK Hynix, Samsung Electronics, and Kioxia all rose by over 4%.

Tesla Optimus Gen 3 Design Initially Finalized, Musk Sets Hard Target for Supply Chain: 1,000 Units Weekly Production by September.

TradingKey - According to reports from LatePost, multiple sources within Tesla's supply chain have revealed that Tesla recently issued specific procurement guidance for Optimus parts to its suppliers. The company requested that production capacity be increased to 1,000 units per week by September of this year, and further raised to between 2,000 and 2,500 units per week by the end of the year. Based on the year-end weekly capacity estimate, suppliers will have the capability to supply parts for approximately 100,000 Optimus units annually to Tesla by the end of the year.

Featured Tools