Losing streak continues, EUR/NZD lost 62 pips to 1.658 adding to its four consecutive days of drops

Published: November 24 2022, 15:06 GMT+0

Losing streak continues, EUR/NZD lost 62 pips to 1.658 adding to its four consecutive days of drops

After closing at 1.6643 yesterday, EUR/NZD opened today at 1.6646, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, EUR/NZD retains a distinct 1.657 to 1.6696 daily range.

EUR/NZD is now trading 4.8% away from its significant high of 1.7482 first tested a month ago.

In the meantime, negative performances are also seen in other pairs as USD/JPY is down to 138.18, losing 139 pips, after closing at 139.57 in the preceding trading session. EUR/JPY is down to 143.94, losing 119 pips, after closing at 145.13 in the preceding trading session.

Positive performances can be seen by looking at other currencies as having closed the previous session at 1.2057, GBP/USD is up 0.65% today to currently trade at around 1.2135.

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