NZD/USD continues to test into 2023 lows, a drop to 0.5800 could be on the cards

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• The NZD/USD is trading into the low end as the Kiwi tests 11-month lows against the Greenback.
• NZ Trade Balance figures saw little play as the numbers showed little change, for better or for worse.
• New Zealand’s Labour Day holiday on Monday will have Kiwi traders focusing on Tuesday’s US PMI release.

The NZD/USD is testing the waters near 0.5830, trading flat for Friday and stuck to the bottom end in the near-term. New Zealand’s Trade Balance figures on Thursday did little to spark faith in the NZD, while broader markets continue to focus on Federal Reserve (Fed) talking points.