NZD/USD Faces Increased Downward Momentum, Forecasts Show Limited Recovery
Current market analysis indicates a slight increase in downward momentum for NZD/USD. Analysts expect the pair to find a lower trading range between 0.5685 and 0.5730, rather than experiencing a dramatic decline. In the extended horizon, upward momentum has not significantly risen. If the pair breaks below 0.5660, it signals a potential halt in recovery, previously targeting the level of 0.5775. With market dynamics shifting, traders should prepare for a cautious approach when trading this pair, given the prevailing downward sentiment.