NZDUSD INTRADAY loss of support at 0.5680NZD/USD maintains a bearish outlook, reinforced by the prevailing downtrend and a confirmed break below the previous consolidation zone.
Key Resistance Level: 0.5680 – previous support turned resistance
Downside Targets:
0.5520 – initial support
0.5460 and 0.5370 – longer-term bearish targets
An oversold bounce may retest 0.5680, but unless the pair breaks above this level, a bearish rejection could reinforce downside continuation toward the key support zones.
A daily close above 0.5680, however, would invalidate the bearish scenario, potentially shifting momentum toward 0.5780, with further gains to 0.5850.
Conclusion
NZD/USD is bearish below 0.5680. Watch for rejection at that level to confirm further downside potential. A break and daily close above 0.5680 would shift the outlook to bullish, opening the path toward 0.5780 and beyond.
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