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fxJun 26, 2026, 5:55 AM

NZD/USD Holds Losses Near 0.5650 Amid Bearish Bias

The New Zealand Dollar continues its losing streak against the US Dollar, trading around 0.5650 during Asian hours. Technical indicators point to a persistent bearish trend within a descending channel.

NZDUSD

NZD/USD extended its decline for a sixth consecutive session on Friday, hovering near 0.5650 during Asian trading. The pair has been under pressure since June 17, with sellers maintaining control within a well-defined descending channel on the daily chart.

The persistent bearish technical pattern suggests further downside risk remains, as each rally attempt is met with fresh selling. Immediate support is seen near the channel's lower boundary, while any recovery must overcome resistance at the 0.5700 handle to change the short-term outlook.

Source: FXStreet Forex News