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fxJun 30, 2026, 7:49 AM

NZD/USD Holds Near 0.5660 as Bearish Channel Intact

The New Zealand dollar edged higher for a second straight session, trading near 0.5660 in Asian hours. Technical patterns show price still inside a descending channel, reinforcing a bearish outlook.

NZDUSD

NZD/USD extended its modest recovery on Tuesday, climbing for a second consecutive session to trade around 0.5660 during Asian hours.

The pair remains confined within a descending channel on the daily chart, a formation that keeps the broader bearish bias in play. The current bounce does not yet signal a trend reversal, as the price continues to respect the channel's resistance and support levels.

Traders will watch for a break above the channel's upper boundary to challenge the negative bias, or a move below recent lows to confirm further downside.

Source: FXStreet Forex News