The pair traded within a range after the steep decline from the 0.5930 area, but each recovery attempt has remained limited below the previous breakdown zones. NZD/USD is now holding near the lower part of the recent structure, and the broader H1 bias remains bearish unless buyers can regain the Pivot and push through the nearest resistance levels.
Current price: 0.57936
Pivot: 0.5802
Nearest support levels:
S1: 0.5780
S2: 0.5765
S3: 0.5750
Nearest resistance levels:
R1: 0.5815
R2: 0.5835
R3: 0.5860
Note:
Above Pivot: a move above 0.5802 may signal that selling pressure is easing and support a rebound toward 0.5815. If buyers clear this level, the correction may extend toward 0.5835 and 0.5860.
Below Pivot: while NZD/USD remains below 0.5802, downside risks stay active. A break below 0.5780 may resume the bearish move toward 0.5765 and 0.5750.
