The NZD/USD pair edges lower to near 0.5650 during the European hours on Monday.
NZD/USD continues to trade within a descending channel pattern, reflecting an ongoing bearish bias. An upward correction is indicated as the 14-day RSI is positioned below the 30 mark. The pair could test the descending channel’s lower boundary at 0.5630 level. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair is confined within a descending channel pattern.
A break above this level could improve the short-term price momentum and support the pair to test the descending channel’s upper boundary at the 0.5800 level. NZD/USD: Daily Chart New Zealand Dollar PRICE Today The table below shows the percentage change of New Zealand Dollar against listed major currencies today. New Zealand Dollar was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.17% 0.05% 0.20% 0.12% -0.08% 0.02% 0.22% EUR -0.17% -0.15% -0.03% -0.08% -0.18% -0.
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