The pair traded within a range before a strong upward impulse, but the latest H1 candles show a quick rejection from the upper area and a pullback toward the middle of the structure. NZD/USD is trying to recover, but buyers need to return above the Pivot to regain stronger control for the rest of the day.
Current price: 0.58835
Pivot: 0.5888
Nearest support levels:
S1: 0.5862
S2: 0.5845
S3: 0.5828
Nearest resistance levels:
R1: 0.5902
R2: 0.5916
R3: 0.5930
Note:
Above Pivot: a move above 0.5888 may support another attempt to test 0.5902. A breakout above 0.5902 would strengthen the bullish scenario toward 0.5916 and 0.5930.
Below Pivot: if the pair remains below 0.5888, the corrective pressure may continue. A decline below 0.5862 may open the way toward 0.5845 and 0.5828.
