NZD/USD Price Forecast: Bears taking control with 0.5930 support under pressure
The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing.
The NZD/USD is likely to continue its downward trend as bears maintain pressure on the 0.5930 support level. A break below this level could lead to further declines.
The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing.
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