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NZD/USD Price Analysis: Bears are back in control, testing key support at 0.5870 – FXStreet

The NZD/USD pair is currently being controlled by bears, with key support being tested at 0.5870. This marks a shift in market sentiment towards the New Zealand dollar, as the pair continues to face downward pressure. Traders are closely watching this crucial support level to see if it will hold or if further downside momentum will push the pair lower. The bearish trend in the NZD/USD pair suggests that sellers are dominating the market at the moment. Investors will be monitoring closely for any potential break below the key support level, which could signal further losses for the pair.

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