NZD/USD Forecast: Will a Break Below 61.8% Fibo Trigger a Downward Spiral
The NZD/USD pair continues to face selling pressure as it descends below the significant 0.6000 psychological level during the Asian trading session. Currently, spot prices hover around the 0.5980-0.5975 support zone, the lowest point seen last week. The pair’s outlook appears increasingly bearish as ongoing trade tensions contribute to market uncertainty, leading traders to question what will come next for this currency pair. Watching the 0.5970 area will be critical, as a decisive break could catalyze further declines, triggering heightened market volatility and driving sellers to push lower.