---

NZD/USD Technical Analysis

Taking a closer look at the 30-min chart:

1️⃣ Resistance Zone: The price is hovering near the key resistance zone around 0.59100, showing signs of rejection.

2️⃣ Bearish Projection: The white arrow highlights a possible downward movement toward the demand zone around 0.58600 if the price breaks below its current level.

3️⃣ Demand Zone: A strong support zone is evident between 0.58500–0.58600, which could act as a reversal area.

4️⃣ Price Action: Currently, the market seems to be respecting the resistance, and a pullback to the demand zone might be in play. Keep an eye out for confirmation!

Trader Tip: Always wait for a breakout or confirmation signal before taking a position. Manage your risk wisely!

💬 What’s your prediction? Will it hold the resistance or break through? Let’s discuss in the comments!

---

Tags:

#forextrading #technicalanalysis #forexmarket #nzdusd #priceaction #tradingsetup #forexchart #supportandresistance #tradingstrategy #forexcommunity #chartanalysis #daytrading #forexsignals