NZD/USD Intraday Signal: Downside Toward 0.5932 While 0.5987 Holds
NZD/USD remains under pressure as long as resistance at 0.5987 caps the upside. The RSI is below 50, and the MACD is negative and trading under its signal line, confirming bearish momentum. Price action also supports the negative bias, with the pair trading below both the 20- and 50-period moving averages (0.5979 and 0.5980). This favors a decline toward 0.5955 and 0.5932. A break above 0.5987 would shift momentum higher toward 0.6007 and 0.6019.
Enter: 0.5975
SL: 0.6007
Target A: 0.5955
Target B: 0.5932