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