The New Zealand dollar is neutral against the US dollar and is expected to be sideways.
1 Although the New Zealand dollar is expected to be lower, it is emphasized that the New Zealand dollar will not continue to weaken below 0.6475.
2 The upside is unexpected, but still holds a neutral position. The low of 0.6501 created on Tuesday is considered to be a short-term bottom;
3 The New Zealand dollar is expected to move higher in the 0.6520/0.6615 range.
