The NZDUSD exchange rate has entered a troubling phase, extending its losing streak for the fourth consecutive day. During the European trading session, the pair slid closer to the critical support level of 0.5700, reflecting ongoing weaknesses in the New Zealand Dollar. This downward trend comes as the US Dollar shows resilience, bouncing back after hitting an 11-week low. Market analysts anticipate more volatility in the NZDUSD as investors react to shifts in economic indicators and policy forecasts from both New Zealand and the United States. With selling pressure mounting, traders are urged to keep a close watch on upcoming economic data that could influence the currency pair’s direction.