NZD/USD - 1H Analysis & Prediction

📉 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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