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NZD/USD PRICE ANALYSIS: BEARISH TREND PREVAILS, POTENTIAL FOR FURTHER DECLINES EXPECTED

ia7145
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  • The daily RSI for the NZD/USD reveals growing selling pressure, nearing oversold conditions.
  • The hourly indicators also remain weak.
  • The pair will close a 0.80% losing week.

The NZD/USD pair saw a 0.25% loss on Friday’s sessing and continues exhibiting a significant bearish tendency. Both short-term and long-term outlooks suggest the prevalence of sellers, which may signal that the pair is bound for further downside


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