FX.co ★ NZD/USD

NZD/USD Approaching a Key Support Zone – Will We See a Strong Bounce Soon? Hey traders, Looking at the NZD/USD pair on the H4 chart, price is currently trading around the 0.5730 level, which has acted as a strong support area several times in recent weeks. Every time the market came near this zone, buyers stepped in and pushed the price higher. Once again, we’re testing this same level, and it’s going to be very interesting to see whether it holds or breaks this time. From a technical perspective, the market structure is still slightly bearish, but momentum seems to be slowing down as the pair consolidates near this horizontal support. The RSI on the H4 and H1 timeframes is moving close to the oversold region, which could indicate that the selling pressure is fading. If the pair manages to stay above 0.5720–0.5730, there’s a good chance we might see a bullish bounce toward the 0.5770–0.5800 zone, which is the next minor resistance level.

On the flip side, if sellers break this level with strong volume and we get a clear H4 candle close below 0.5710, that could trigger a deeper bearish move toward 0.5670 or even 0.5630. So, this area is definitely a make-or-break zone for NZD/USD in the short term. Personally, I’ll be waiting for a bullish confirmation signal, like a pin bar or engulfing candle around the support, before entering any long positions. It’s better to wait for confirmation rather than jump in early. Overall, NZD/USD is sitting at a critical decision point — if support holds, we could see a healthy bounce; if it breaks, expect further downside momentum.