NZDUSD Intraday Signal: Sell Below 0.5740
Analysis
NZDUSD on the 1-hour timeframe is in a strong bearish structure, with continuous lower highs and multiple BOS to the downside. Price has recently broken below previous support levels and is now trading at a fresh weak low around 0.5700–0.5720.
The latest price action shows no significant bullish reaction, indicating that demand is weak and sellers remain in full control. Any short-term bounce is likely a corrective pullback into supply, rather than a structural reversal.
Above current price, several untouched supply zones between 0.5730–0.5780 provide optimal areas for continuation entries. These zones align with prior distribution and failed bullish attempts.
As long as price remains below 0.5740, the bearish momentum is expected to continue, targeting deeper liquidity below current lows.
Trade Setup
Enter: Sell near 0.5720–0.5740
Stop-Loss (SL): 0.5785
Target A: 0.5680
Target B: 0.5630