NZD/USD continues to exhibit weakness, trading around 0.5830 during the Asian session on Monday. This marks the third consecutive day of subdued performance for the currency pair, as it struggles to maintain momentum. The recent dip is largely attributed to a recovery in the US Dollar (USD), which has regained ground on the back of technical adjustments.
As the USD strengthens, traders are closely monitoring key support levels for NZD/USD. The exchange rate remains firmly below the 0.5850 mark, indicating a bearish sentiment in the market. With ongoing fluctuations in USD performance, the implications for NZD/USD could lead to further declines if the dollar continues to gain traction against its peers.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 05:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.