NZDUSD falls amid war and oil concerns
The NZDUSD briefly rose above the May high at 0.5889, reaching 0.5893, but lacked momentum.
The pair’s failure to attract sustained buying interest led to a bearish tone.
The decline has reached the 38.2% retracement of the rally from the early April low to the May high, at 0.58704, with buyers defending that level.