NZ Dollar Extends Slide To 11-day Low Against Greenback
The New Zealand dollar continued to move in its descending track against the US dollar in early deals on Monday, falling to an 11-day low of 0.8209 around 6:50 am ET.
The kiwi-greenback pair is hanging around the neckline of a double-top reversal formation in higher time frames ranging 1-hour to daily, with 0.8170/75 seen as the next likely downside support level.