The NZD/USD price forecast continues to stay below the 0.6000 mark, which is the upper boundary of the descending channel. This means that the New Zealand dollar is still struggling to break through this key resistance level against the US dollar. Traders are closely monitoring this situation as it could indicate a potential shift in the currency pair’s direction. The descending channel pattern suggests that the NZD/USD pair may continue to face downward pressure in the near term. Investors will be watching for any developments that could potentially break the pair out of this pattern.
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