NZD/USD closes week with bearish momentum on technical weakness

NZD/USD is ending the trading week with a modest bearish bias, as technical indicators suggest continued downward pressure on the New Zealand dollar. The pair has struggled to maintain upward momentum throughout the week, facing resistance at key technical levels. Traders are closely monitoring the price action as the pair tests important support zones that could determine the near-term direction. The bearish sentiment reflects broader risk-off market conditions and concerns about New Zealand's economic outlook relative to the US dollar's resilience. Technical analysis shows the pair trading below its key moving averages, with momentum indicators pointing to further potential downside. Immediate support is being tested, and a break below current levels could accelerate selling pressure toward lower targets. For traders, the technical setup suggests maintaining a cautious stance on NZD longs while watching for potential short opportunities if key support levels fail.