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fxJun 25, 2026, 5:36 AM

NZD/USD Falls to Near 0.5650 as Bearish Bias Persists

NZD/USD extended its losing streak to seven days, trading around 0.5650 in Asian hours, as the pair remains under pressure within a descending channel.

NZDUSD

The New Zealand dollar weakened for the seventh consecutive session, with NZD/USD trading near 0.5650 during Thursday's Asian hours.

Technical analysis shows the spot price moving lower within a descending channel on the daily chart, confirming a persistent bearish bias with no immediate signs of reversal.

The pair has maintained a downward trajectory, and the descending channel pattern suggests further downside risk unless a decisive breakout above resistance occurs.

Source: FXStreet Forex News