The pair traded within a range, however the broader structure still looks bearish. Current price: 0.57408.

Pivot: 0.57520

Nearest support levels: S1 0.57250, S2 0.56950, S3 0.56650

Nearest resistance levels: R1 0.57680, R2 0.57950, R3 0.58300

Note: Below the Pivot, the downside scenario remains active and any pullbacks can extend to S1–S2. A firm move above the Pivot would improve chances for a recovery towards R1–R2.

Risk days (this week): Tue (China official PMIs), Wed (China Caixin PMI / US ADP & ISM), Fri (China Caixin Services PMI / US NFP).

NZD USD