NZD/USD Intraday Signal: Downside Prevails Toward 0.5807
NZD/USD stays under pressure while resistance at 0.5875 caps the upside. The RSI is below 50, and the MACD is negative and below its signal line, confirming bearish momentum. Price action is aligned with the bearish setup, trading below both the 20- and 50-period moving averages (0.5854 and 0.5860). As long as 0.5875 holds, the pair is expected to head lower toward 0.5830 and 0.5807. A break above 0.5875 would invalidate this scenario and open the way to 0.5896 and 0.5909.
Enter: 0.5865
SL: 0.5896
Target A: 0.5830
Target B: 0.5807