NZD/USD has broken below the ascending trendline and is now retesting the 0.60113 – 0.60292 zone, which may act as new resistance.
If the pair fails to reclaim this zone, we could see a continuation lower toward the key supports at 0.59828 and 0.59547.
A confirmed break back above 0.6030 would invalidate the bearish outlook.
🔻 Structure: Break + retest of trendline
🔻 Resistance: 0.60113 – 0.60292
🔻 Support 1: 0.59828
🔻 Support 2: 0.59547
🔻 Timeframe: 1H
🔻 Bias: Bearish unless reclaimed above 0.6030
Technical idea only – not financial advice.
If the pair fails to reclaim this zone, we could see a continuation lower toward the key supports at 0.59828 and 0.59547.
A confirmed break back above 0.6030 would invalidate the bearish outlook.
🔻 Structure: Break + retest of trendline
🔻 Resistance: 0.60113 – 0.60292
🔻 Support 1: 0.59828
🔻 Support 2: 0.59547
🔻 Timeframe: 1H
🔻 Bias: Bearish unless reclaimed above 0.6030
Technical idea only – not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.