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The NZD/USD pair registered a 0.25% decline during Friday’s session, maintaining a pronounced bearish trajectory. Both short-term and long-term analyses suggest a predominance of sellers, signaling potential for continued downward movement.
On the daily chart, the Relative Strength Index (RSI) indicates a bearish trend, residing deeply in negative territory and approaching oversold levels. This is complemented by the increasing red bars on the Moving Average Convergence Divergence (MACD) histogram, further reinforcing the bearish sentiment and reinforcing the expectation of a downturn.