The pair traded within a range after a long bearish decline, with NZD/USD consolidating near the lower part of the recent structure. The full-day outlook remains cautious to bearish while the pair trades around the Pivot area, and a stronger recovery requires a clear move above nearby resistance.

Current price: 0.5648

Pivot: 0.5652

Nearest support levels:

• S1: 0.5635
• S2: 0.5620
• S3: 0.5605

Nearest resistance levels:

• R1: 0.5665
• R2: 0.5680
• R3: 0.5700

Note:

• Above Pivot: recovery above 0.5652 may improve the intraday tone and support a corrective move toward 0.5665, 0.5680 and 0.5700.
• Below Pivot: while NZD/USD remains below 0.5652, the bearish scenario stays relevant, with downside targets at 0.5635, 0.5620 and 0.5605.

NZD, USD