NZD/USD retreats on Tuesday, extending consolidation below 0.5840 to trade near 0.5810 at the time of writing. Market participants turn their attention to the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision due on Wednesday.
EUR/JPY edges lower after registering more than 1.5% gains in the previous session, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates strengthening of a bullish bias as the currency cross remains above the ascending channel pattern.
EUR/USD is heading south for the second consecutive day on Tuesday. The pair trades near 1.1690 at the time of writing, as France's political and fiscal crisis is keeping investors away from the common currency and prompting the European Central Bank (ECB) to adopt a slightly more dovish tone.