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NZD/USD Price Forecast: Declines below 0.5600 as bearish bias holds despite oversold RSI

The NZD/USD pair loses momentum to around 0.5590 during the early European trading hours on Tuesday. The New Zealand Dollar (NZD) weakens near the lowest since November 2025 against the US Dollar (USD), pressured by elevated US Treasury yields and uncertainty ahead of the November general election.