NZD/USD Intraday Signal: Bearish Toward 0.5950
Analysis:
NZD/USD remains capped beneath the 0.6050–0.6080 supply zone, where a weak high has formed and repeated rejections confirm seller presence. The recent loss of bullish structure and failure to reclaim resistance suggest that downside pressure remains dominant. As long as price stays below 0.6050, bearish continuation toward the 0.5950 demand zone is favored.
The pair is currently hovering above short-term support, but liquidity remains exposed beneath the strong low around 0.5950. A break below this area could accelerate losses toward 0.5900. Only a sustained move above 0.6050 would invalidate the bearish setup and shift focus toward 0.6100–0.6120.
Trade Setup:
Enter: Short below 0.6050
Stop-Loss (SL): 0.6085
Target A: 0.5950
Target B: 0.5900
