NZD/USD Intraday Signal: Downside Toward 0.5884 While 0.5943 Holds
NZD/USD remains bearish as long as resistance at 0.5943 caps the upside. The RSI is below 50, and the MACD is negative and trading under its signal line, confirming weak momentum. Price is also positioned below both the 20- and 50-period moving averages (0.5944 and 0.5963), further strengthening the bearish case. The pair is expected to decline toward 0.5910 and 0.5884. A break above 0.5943 would shift the bias upward toward 0.5963 and 0.5975.
Enter: 0.5935
SL: 0.5963
Target A: 0.5910
Target B: 0.5884