NZD/USD extends its decline – Analysis – 04/11/2025

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The NZD/USD pair continued its decline during the latest intraday session, reflecting the dominance of the prevailing short-term bearish trend, as the price moves along the descending trendline. Persistent pressure remains due to trading below the 50-day Exponential Moving Average (EMA50), limiting any near-term recovery attempts. Negative signals from the relative strength indicators further support the downside bias, with the pair approaching the key support level at 0.5680 — our previously identified target — and preparing to break below it.

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