NZD/USD Intraday Signal: Downside Momentum Prevails Below 0.5666
The NZD/USD pair remains under bearish pressure while trading below the pivot resistance at 0.5666. Sellers maintain control of the intraday trend, targeting support levels at 0.5635 and 0.5620 in extension. The short-term structure continues to show lower highs and consistent rejections near the pivot, confirming that the downside bias remains dominant.
Momentum indicators reinforce this view — the RSI stays below 50, reflecting strong selling momentum, while the MACD remains negative and below its signal line, confirming downward pressure. Price action also holds below both the 20- and 50-period moving averages (0.5653 and 0.5663), indicating persistent weakness in the pair. A sustained drop below 0.5635 could accelerate the decline toward 0.5620.
Alternatively, a move above 0.5666 would neutralize the immediate bearish bias and allow for a short-term recovery toward 0.5681 and 0.5689.
Trade Setup:
Enter: Short below 0.5666
Stop-Loss (SL): 0.5681
Target A: 0.5635
Target B: 0.5620
