The pair traded within a range after a volatile upward move, but the failure to hold above 0.5840 shifted NZD/USD into a steady decline. The pair is now trading near the lower part of the recent intraday structure, with the Pivot acting as the first important recovery barrier.

Current price: 0.5809

Pivot: 0.5818

Nearest support levels:

• S1: 0.5795
• S2: 0.5780
• S3: 0.5768

Nearest resistance levels:

• R1: 0.5826
• R2: 0.5842
• R3: 0.5858

Note:

• Above Pivot: a move back above 0.5818 may signal a corrective recovery, with upside targets at 0.5826, 0.5842 and 0.5858.
• Below Pivot: trading below 0.5818 keeps the bearish scenario active, with potential movement toward 0.5795, 0.5780 and 0.5768.

NZD, USD