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NZD/USD Price Forecast: Remains within a consolidation range of 0.5950/0.5900

NZD/USD is trading around 0.5940 during the European hours on Wednesday. The pair has retraced its recent losses registered in the previous session as a neutral bias persists, suggested by the technical analysis of the daily chart showing the pair is consolidating within a rectangular pattern.
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EUR: 1.150 looks premature – ING

European currencies in general are enjoying good momentum, with the Swiss franc and the Swedish krona on top of this week’s G10 scorecard, ING’s FX analyst Francesco Pesole notes.
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