The pair traded within a range after the earlier rally, but the latest H1 structure continues to show a steady bearish sequence from the 0.5980 area. NZD/USD is now attempting a modest recovery from the recent low, though the pair remains in the lower part of the range and the daily bias stays negative while below Pivot.
Current price: 0.58741
Pivot: 0.5882
Nearest support levels:
S1: 0.5860
S2: 0.5845
S3: 0.5830
Nearest resistance levels:
R1: 0.5888
R2: 0.5905
R3: 0.5925
Note:
Above Pivot: a move above 0.5882 may signal that the current sell-off is easing and support a rebound toward 0.5888. If buyers extend the recovery above this level, the next upside targets may be 0.5905 and 0.5925.
Below Pivot: while NZD/USD remains below 0.5882, sellers may keep control. A decline below 0.5860 may resume the bearish move and open the way toward 0.5845 and 0.5830 during the day.
