The New Zealand Dollar remains under pressure near 0.5650 as technical indicators signal continued downside momentum.
The NZD/USD pair extended its losing streak, trading near 0.5650 in Asian hours, as technical analysis points to sustained bearish pressure. The spot price remains below both the nine-period and 50-period Exponential Moving Averages (EMAs), reinforcing a downward trend.
The 14-day Relative Strength Index (RSI) at 28 indicates oversold conditions, though no clear recovery signal has emerged. Support is seen near 0.5620, with further declines potentially testing the 14-month low of 0.5580. Resistance levels are identified at 0.5703 and 0.5760.