Ella 
126
Despite the recent uptrend, NZD/USD maintains a strong bearish bias as buyers appear to have stalled around 0.6000 and are struggling to gain further footing amid fading momentum.
On the daily chart, technical indicators suggest that the positive momentum in NZD/USD is fading, while the current downtrend continues. The Relative Strength Index is showing a positive trend after rising slowly from oversold territory. However, the Convergence and Divergence Moving Average histogram shows that the green bars are gradually narrowing, indicating that the bullish momentum is waning.
