The (NZDUSD) price declined in its recent intraday trading, deepening its previous losses amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.

The pair suffers from a negative technical formation on the short-term basis, which is the double top pattern, that opens the way for extending the bearish correctional trend.

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