The NZD/USD chart is currently exhibiting a bearish overall momentum and the price has broken through the 1st support level of 0.61319 but has moved back above this level again.
The next potential support level is at 0.60933, which is a multi-swing low support and may provide additional support for the price if it were to drop further.
On the other hand, the 1st resistance level is at 0.61753 and the next potential resistance level is at 0.62217. This level is also an overlap resistance and coincides with the 50% Fibonacci retracement, making it a strong level for potential resistance.
