FXNOVA Strategy – NZDUSD Continuation Sell After Weak Low
Analysis
NZDUSD on the 1-hour timeframe is clearly in a strong bearish structure, with consecutive BOS (Break of Structure) confirming downside continuation. Price has consistently printed lower highs and lower lows, indicating sustained seller dominance.
The latest move shows a clean breakdown below prior support, forming a weak low around 0.5720–0.5730, followed by a minor corrective pullback. This reaction lacks strength and is likely a liquidity-driven retracement rather than a reversal.
Above current price, multiple stacked supply zones between 0.5780–0.5850 remain untouched, reinforcing the bearish bias. These zones align with previous distribution areas and offer optimal entries for continuation trades.
Unless price reclaims 0.5800+ with structure shift, the market is expected to continue lower, targeting deeper liquidity below recent lows.
Trade Setup
Enter: Sell near 0.5760–0.5780
Stop-Loss (SL): 0.5830
Target A: 0.5700
Target B: 0.5650