The NZD/USD chart is currently trending bearish, with the price within a bearish Ichimoku cloud and below a major descending trend line, indicating potential further decline. The 1st support at 0.6166, a multi-swing low, and the 2nd at 0.6128, an overlap support and the 78.60% Fibonacci retracement, could halt the bearish run. Resistance levels are at 0.6221 and 0.6272, acting as overlap and pullback resistances respectively, potentially sparking selling pressure.
