The pair traded within a range after the earlier rally, but the latest H1 movement shows a steady bearish correction from the 0.5980–0.5990 area. NZD/USD has broken into the lower part of the recent structure, and the full-day outlook remains negative while the price stays below the Pivot.
Current price: 0.58992
Pivot: 0.5915
Nearest support levels:
S1: 0.5885
S2: 0.5870
S3: 0.5850
Nearest resistance levels:
R1: 0.5925
R2: 0.5940
R3: 0.5960
Note:
Above Pivot: a recovery above 0.5915 may signal that the bearish correction is slowing and may support a rebound toward 0.5925. A stronger move above this area may open the way toward 0.5940 and 0.5960.
Below Pivot: while NZD/USD remains below 0.5915, sellers may continue to dominate. A break below 0.5885 may extend the decline toward 0.5870 and 0.5850 during the day.
