In Monday's session, the NZD/USD pair extended its recent decline, falling by 0.30% to 0.6095.
The NZD/USD declined to 0.6095, extending its recent downtrend. RSI is in negative territory and declining, while the MACD is flat and red. A break below 0.6100 could open the door for a further decline towards 0.6000. In Monday's session, the NZD/USD pair extended its recent decline, falling by 0.30% to 0.6095. The technical indicators are also bearish, suggesting that the selling pressure is likely to continue if the buyers fail to sustain the 0.
This suggests that selling pressure is increasing slightly and that the bears are in control of the market. The Moving Average Convergence Divergence histogram is currently flat and red, indicating a bearish outlook. As long as the RSI remains below 50 and the MACD histogram remains red, the technical outlook will remain bearish for the NZD/USD. NZD/USD daily chart The overall outlook for the NZD/USD is bearish as the pair lost its 20-day Simple Moving Average last week.The 200-day SMA at 0.
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