Bulls struggle to hold key support as sellers resurface
NZD/USD edges lower to 0.5650 on Wednesday, reversing Tuesday’s attempt to reclaim the 20-day SMA. Technical indicators signal waning momentum, with RSI declining and MACD showing neutral conditions. A decisive break below 0.5650 could reinforce bearish pressure, while buyers must defend this level to avoid deeper losses. The NZD/USD pair saw mild losses on Wednesday, retreating … Read more