NZD/USD – 1H Analysis & Prediction
Key Levels & Market Structure:
0.5754 – 0.57588: First supply zone, potential rejection.
0.57817 – 0.57937: Major resistance, watch for liquidity grab.
0.5706 – 0.5708: Key support, possible bullish reaction.
0.56713: Critical downside target if supply zones hold.
Bearish Scenario:
If price rejects 0.5754 – 0.57588, a drop toward 0.5706 – 0.5708 is likely.
A deeper rejection from 0.57817 – 0.57937 could accelerate the downside move.
Trading Plan:
Look for bearish confirmations near resistance for short entries.
Watch Fibonacci retracement zones for potential reversals.
Break below 0.5706 confirms strong downside momentum.
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