NZD/USD Intraday Signal: Downside Momentum Prevails Below 0.5684
The NZD/USD pair continues to trade under bearish pressure while remaining capped below the pivot resistance at 0.5684. Sellers dominate the short-term outlook, targeting the next downside levels at 0.5660 and 0.5641 in extension. The current price structure confirms a continuation of the downtrend, with lower highs and consistent rejection near resistance.
Technical indicators reinforce this negative view — the RSI stays below 50, signaling persistent selling strength, while the MACD is below its signal line and in negative territory, confirming downward momentum. Price also trades below both the 20- and 50-period moving averages (0.5672 and 0.5677), maintaining a bearish alignment across timeframes.
A clear break below 0.5660 would confirm acceleration toward 0.5641. Alternatively, a recovery above 0.5684 would invalidate the bearish setup and open the way toward 0.5699 and 0.5707.
Trade Setup:
Enter: Short below 0.5684
Stop-Loss (SL): 0.5699
Target A: 0.5660
Target B: 0.5641
