The NZD/USD currency pair continues to face downward pressure, trading just below the mid-0.5700s during the Asian session on Friday. This marks the fourth consecutive day of selling for the New Zealand dollar, which remains vulnerable following disappointing Chinese inflation data. The exchange rate reflects broader market concerns, as traders adjust their positions in response to economic indicators from the region.
Market attention is now shifting towards the upcoming U.S. Non-Farm Payrolls (NFP) report, with expectations that employment data could further influence the USD's strength. The potential for a stronger U.S. dollar may add to the bearish sentiment surrounding the NZD/USD pair, keeping it firmly below the critical resistance level of 0.5750. As traders await further developments, the implications for both currencies will be closely monitored in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 05:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.