NZD/USD Intraday Signal: Bearish Momentum Under Key Resistance at 0.5972
Analyses:
NZD/USD stays under pressure while capped below 0.5972. The RSI is below the 50 mark, and the MACD remains negative and under its signal line—both indicators confirming a bearish setup. Additionally, price is trading beneath both the 20 and 50-period moving averages (0.5966 and 0.5971), adding weight to the downside outlook. If 0.5972 holds, we expect a continuation toward 0.5930 and 0.5914. A break above 0.5972 would invalidate this view and expose 0.5990 and 0.6000.
Enter: 0.5960
SL: 0.5990
Target A: 0.5930
Target B: 0.5914
🟢 Signal Result – NZD/USD
🎯 Target B reached at 0.5914, delivering a +46 pips profit from the entry at 0.5960.
The trade was initially managed with caution near Target A (0.5930), and after moving stop-loss to breakeven, it continued to fully close at Target B, securing total gains with proper risk management.
The bearish scenario under 0.5972 played out successfully.
We’ll now reassess NZD/USD for new entry opportunities in upcoming sessions.
