
- NZD/USD edges slightly lower to 0.5670 on Wednesday, maintaining its position within a narrow trading band.
- RSI dips, showing a mild loss of momentum while staying in positive territory.
The NZD/USD pair continued its range-bound behavior on Wednesday, slipping marginally to 0.5670 after testing the upper boundary of its recent 0.5540–0.5690 consolidation zone. While the pair has experienced pockets of volatility, it has yet to establish a definitive directional bias, leaving traders cautious about committing to either side.
Technical indicators reflect the pair’s current state of indecision. The Relative Strength Index (RSI) has softened slightly to 51, staying within
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