NZDCHF Chart Technical Outlook looking vulnerable, set to retest 0.5250 support level, The New Zealand Dollar’s recovery lost momentum on Friday after rejection at the 0.5290 area and the pair remains on its back foot on Monday, with price action struggling to take any meaningful distance from the 0.5250 support area.
Bullish momentum is fading, according to technical indicators, and a further decline beyond 0.5250 would put the key 0.5200 support area back into focus. Resistances are 0.5290 and 0.5335.
