NZD/USD gains ground for the second successive day, trading around 0.5810 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is moving sideways within a rectangle pattern, reflecting a period of market consolidation and indecision.
Germany's Factory Orders fell in April, suggesting that the country’s manufacturing sector activity lost momentum, according to the official data published by the Federal Statistics Office on Monday.
The GBP/USD pair recovers slightly from a three-week low, touched during the Asian session on Monday, and climbs closer to mid-1.3300s in the last hour.