NZD/USD encounters selling pressure as it approaches the 0.5700 mark, creating a cautious atmosphere among traders.

With the Reserve Bank of New Zealand (RBNZ) rate decision on the horizon, market participants are closely monitoring any indicators that may shift momentum in the currency pair.

Current sentiment reveals an increase in selling activity, reflecting trader uncertainty as they await news from the RBNZ. The forthcoming rate decision could influence not just NZD/USD, but the broader currency market as well.

It is essential to stay alert for any developments that could alter the trajectory of NZD/USD in the near term.