NZD/USD Intraday Signal: Downside Prevails Below 0.5781
Analysis:
NZD/USD maintains a bearish intraday structure as long as price remains capped below the pivot resistance at 0.5781. Sellers dominate the short-term trend, targeting 0.5750 initially and the key downside objective at 0.5728. Price action continues to form lower highs beneath resistance, reinforcing downside continuation.
Momentum indicators strongly confirm the bearish bias. The RSI is below the 50-neutral level, while the MACD is below its signal line and negative, validating a negative configuration. In addition, price trades below both the 20- and 50-period moving averages, further strengthening the bearish outlook.
Alternatively, a break above 0.5781 would weaken the bearish scenario and open the path toward 0.5800 and 0.5810.
Trade Setup:
Enter: Short below 0.5781
Stop-Loss (SL): 0.5800
Target A: 0.5750
Target B: 0.5728