NZD/USD Price Forecast: Falls to near 0.5850 after slipping below moving averages
Source: EODHD - https://www.fxstreet.com/news/nzd-usd-price-forecast-falls-to-near-05850-after-slipping-below-moving-averages-202606040803
Published: Jun 04, 2026 4:03 AM
NZD/USD extends its losses for the fourth successive day, trading around 0.5860 during the European hours on Thursday. The technical analysis of the daily chart shows the spot price moving sideways within a rectangle pattern, indicating a period of market consolidation and indecision.
Market context: This update is relevant to NZD traders, with NZDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.
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NZD/USD Price Forecast: Falls to near 0.5850 after slipping below moving averages
Published Jun 04, 2026 4:03 AM
Last refreshed Jul 29, 2026 11:01 AM
Source:
EODHD
Event Time: Jun 04, 2026 4:03 AM
News data attribution
This market news item includes source data powered by EODHD.