## NZD/USD Technical Breakdown Signals Further Weakness Ahead of December NFP Data
### Breaking Below Key Support Levels
The NZD/USD pair has slipped below critical technical support, trading near 0.5730 during Friday's European trading session—a 0.37% drop from previous levels. The most significant technical development is the currency pair's breach of the Head and Shoulders pattern neckline at 0.5740, which traders view as a bearish confirmation. This breakdown suggests the pair could be entering a corrective phase, with downward momentum building in the near term.
Technical indicators are a
### Breaking Below Key Support Levels
The NZD/USD pair has slipped below critical technical support, trading near 0.5730 during Friday's European trading session—a 0.37% drop from previous levels. The most significant technical development is the currency pair's breach of the Head and Shoulders pattern neckline at 0.5740, which traders view as a bearish confirmation. This breakdown suggests the pair could be entering a corrective phase, with downward momentum building in the near term.
Technical indicators are a