• NZD/USD plummets further, breaching the critical 0.6000 mark, exhibiting a consistent bearish path since last week.
• The pair is down by nearly 2% in the last four sessions.

In Tuesday's session, the NZD/USD further extended its downward expedition, decreasing by 0.35% to 0.5960. The bulls' failure to counteract the sellers led to a continuous descent below the 0.6000 level, settling at early May lows, and thereby solidifying the bearish sentiment surrounding the pair. In addition, a confirmed bearish crossover between the 20 and 100-day Simple Moving Averages (SMA) at the 0.6070 area gives more arguments to the bearish narrative.