NZD/USD Slips as Price Momentum Weakens
NZD/USD continues its downward trend following a losing streak that began on March 18. The pair now trades around 0.5710 during European hours on Tuesday. Technical analysis on daily charts reveals a prevailing bearish bias, highlighting potential challenges ahead. Despite remaining within an ascending channel pattern, traders should anticipate volatility and adjust their strategies accordingly. Keeping abreast of market signals will be crucial for prospects in NZD/USD, especially as geopolitical dynamics and economic indicators evolve in the coming days.