The NZD/USD pair is also showing a recovery pattern, although its structure looks less directional and more range-bound than AUD/USD. After rebounding from the recent lows, price returned to the upper half of the local corridor and is now trying to stabilize above the short-term balance zone. This suggests that buyers are gradually regaining control, but the pair still needs a stronger breakout to confirm a broader bullish continuation. For the full trading day, the preferred scenario is a constructive range with upside attempts while price remains above the pivot.
Current price: 0.58739
Pivot: 0.5869
Nearest support levels: S1: 0.5855, S2: 0.5840, S3: 0.5824
Nearest resistance levels: R1: 0.5884, R2: 0.5898, R3: 0.5910
Note: If the pair holds above the pivot at 0.5869, buyers may continue to support the market and aim for 0.5884. A break above that area would expose 0.5898 and then 0.5910 later in the session. If NZD/USD falls below 0.5869, the recovery may lose traction and the pair could slip toward 0.5855. Further downside would then shift focus to 0.5840 and 0.5824.
