Technically, the price is stretching closer to the 2022 low which reached 0.55105. The low price today has reached 0.5541. It is stretching. The NZDUSD traded as high as 0.63778 at the end of September (when the Fed started to cut rates).
The price of the NZDUSD would need to extend back above those levels to tilt the technical bias back to the upside. Absent that and the sellers are still more in control
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