The pair traded within a range after reaching the upper 0.5980 area, then corrected lower and tested demand near 0.5910–0.5920. NZD/USD is now rebounding from the correction low, but the pair still needs to reclaim the Pivot area to confirm a stronger recovery for the rest of the day.
Current price: 0.59388
Pivot: 0.5940
Nearest support levels:
S1: 0.5925
S2: 0.5908
S3: 0.5890
Nearest resistance levels:
R1: 0.5955
R2: 0.5972
R3: 0.5990
Note:
Above Pivot: a move above 0.5940 may confirm that the corrective pressure is easing and support a recovery toward 0.5955. A breakout above this level may open the way toward 0.5972 and 0.5990.
Below Pivot: while the pair remains below 0.5940, the rebound stays fragile. A renewed decline below 0.5925 may return pressure toward 0.5908 and 0.5890.
