NZD/USD Price Forecast: Extends rejection slide from 50% Fibo.; drops to 0.5900 neighborhood

  • The NZD/USD pair retreats from the vicinity of mid-0.5900s, or a fresh year-to-date high touched during the Asian session this Thursday, in reaction to stronger-than-expected consumer inflation figures from New Zealand. Spot prices drop to the 0.5900 neighborhood in the last hour and for now, seem to have snapped a six-day winning streak amid a modest US Dollar (USD) uptick.