The pair traded within a range after a strong multi-day advance rolled into a corrective decline at the start of the week. The broader structure on H1 remains constructive, but near-term price action has shifted into a pullback phase from the recent highs.

Current price: 0.58670

Pivot: 0.58720

Nearest support levels: S1: 0.58540, S2: 0.58320, S3: 0.58080

Nearest resistance levels: R1: 0.58880, R2: 0.59080, R3: 0.59320

Note:
Above Pivot: If the price returns above 0.58720 and holds there, recovery may extend toward 0.58880 and 0.59080, with 0.59320 as the next broad upside target.
Below Pivot: If the pair remains below 0.58720, corrective pressure may deepen toward 0.58540 and 0.58320, with 0.58080 as the next downside objective for the day.

NZD, USD