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📊NZDUSD is holding near a four-month low around 0.5700 as the kiwi continues to struggle after February’s dovish central bank decisions, which saw the bank remove hikes from their forward guidance. This stance contrasts with the US where demand for USD remains high. On the daily chart of NZDUSD, the trend remains bearish, with price forming lower highs and lower lows. A resistance zone around 0.5775 will be key — a break above this level could signal a shift in momentum. However, it may also present a strong area for sellers to re-enter in line with the downtrend. Targets for sellers could be the November 2025 lows around 0.5600. #NZDUSD #ForexTrading #TechnicalAnalysis #FXMarket #PriceAction