NZD/USD Momentum Below 0.57606 as Pressure Builds

Research preview

NZDUSD Hourly, Daily And Weekly Candle Charts NZDUSD is trading near 0.57678 against the daily pivot at 0.57790, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. NZDUSD H1 candlestick chartHourly price action with price near 0.57678 keeps seller pressure in focus. The desk is watching sellers closed the latest candle below its open inside a 0.57666-0.57736 candle range, the recent sequence is still leaning lower, while price remains below pivot 0.57790. The next useful filter is the next hourly close should either defend the reaction zone or expose a false start; From a risk-control angle, a break back through the...