NZD/USD Slides for Seventh Day Near 0.5650 as Bearish Bias Holds

NZD/USD extended its decline for a seventh consecutive session on June 25, trading near 0.5650 below both the 9-day and 50-day EMAs inside a descending daily channel. The move follows the June 24 breakdown of key supports at 0.5685 and 0.5678 that confirmed wave c of the ABC correction from late May. Drivers include fading RBNZ July hike expectations, broad USD strength with the USD Index at 13-month highs, and risk-off flows. Momentum is deeply oversold with the 14-day RSI near 28, yet the technical bias remains bearish toward the next major support at 0.5580.