NZD/USD has produced a strong rebound from the lower part of the recent structure and is now testing the upper boundary of the short-term range again. The pair is one of the stronger performers among the commodity currencies on the chart set, and while the move is bullish, the current resistance area may still attract intraday profit-taking.

Current price: 0.5715

Pivot: 0.5708

Nearest support levels:

• S1: 0.5700
• S2: 0.5690
• S3: 0.5675

Nearest resistance levels:

• R1: 0.5720
• R2: 0.5730
• R3: 0.5745

Note:

• Above Pivot: above 0.5708, the bullish scenario remains dominant, with room for a test of 0.5720, 0.5730 and 0.5745.
• Below Pivot: if the pair falls back below 0.5708, intraday momentum may cool and price could pull back toward 0.5700, 0.5690 and 0.5675.
• Intraday view: the pair is pressing into resistance after a fast upward move, so volatility may increase around 0.5720, where either continuation or a temporary pause is possible.

NZD, USD