The NZD/USD currency pair found some support during the Asian session on Monday, recovering from a dip to a two-week low. Trading around the 0.5745-0.5740 region, the pair attracted dip-buyers, but bulls appear to lack the conviction needed to sustain a rally above the mid-0.5700s.
This recovery comes after a notable decline from earlier highs reached in October, highlighting the ongoing volatility in the exchange rate amid mixed market sentiment. As traders monitor price movements closely, any failure to regain momentum could signal further weakness for the Kiwi against the USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 03:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.