NZD/USD tests 0.5860 support area
The New Zealand Dollar is declining against the US Dollar due to cautious markets and domestic political uncertainty.
The NZD/USD pair is down from last week’s highs above 0.5900, with bears targeting the 0.5860 area.
New Zealand’s Prime Minister survived a confidence vote, adding to evidence of divisions within the ruling party ahead of elections.
The pair trades at 0.5865, with technical indicators showing a fading impulse