The NZD/USD currency pair nears a three-month low, suggesting a continued bearish trend.

The NZD/USD currency pair is showing a bearish trend, currently trading near a three-month low. The pair has been in a sideways trend for over a year, within the range of 0.5855 to 0.6220. Recent economic data from New Zealand has provided some support, but overall, technical indicators suggest a potential drop below 0.5850, with risks of reaching as low as 0.5770. A break above 0.6220 would be needed for a positive outlook.

November 18, 2024
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