NZD/USD Intraday Signal: Bearish Bias Below 0.5745
The NZD/USD pair continues to trade with a bearish bias, staying under pressure below the pivot resistance at 0.5745. Momentum indicators confirm the weakness — the RSI remains below 50, showing downside strength, while the MACD stays below its signal line in negative territory.
Price action is also positioned beneath both the 20-period and 50-period moving averages, reinforcing the bearish outlook. The pair’s location below the lower Bollinger Band (around 0.5730) highlights an extended selling phase, though traders should watch for brief technical corrections before further declines.
As long as 0.5745 acts as resistance, sellers are expected to remain in control, targeting 0.5715 and 0.5694 as the next downside objectives. However, a decisive break above 0.5745 could invalidate the bearish scenario and trigger a limited rebound toward 0.5763 and 0.5773.
Enter: Short below 0.5745
Stop-Loss (SL): 0.5763
Target A: 0.5715
Target B: 0.5694