FX.co ★ NZD/USD

NZD/USD Showing Strong Signs of a Technical Bounce Near Key Support Zone Hey traders, I’ve been closely watching NZD/USD on the 4-hour timeframe, and it looks like we might be seeing the early stages of a solid bounce. After a few weeks of sideways-to-bearish movement, the pair recently tested a strong support area around 0.5740–0.5750, which has been respected multiple times in the past. Interestingly, each time price dipped below this level, buyers quickly stepped back in, forming long wicks and bullish candles — a clear sign of accumulation. Now, with the price trading around 0.5770, the pair seems to be gaining short-term bullish momentum. If we look at recent price action, there’s a visible pattern of higher lows forming, suggesting that selling pressure is fading and buyers are slowly taking control.

Technically, a break and close above 0.5790–0.5800 could confirm the start of a bullish swing toward 0.5860 or even 0.5900 in the coming sessions. On the other hand, if price fails to hold above 0.5750, we might see another retest of the lower support area near 0.5720. Fundamentally, the Kiwi might also benefit from a weaker USD as markets price in potential rate cuts from the Fed later this quarter. Combining both technical and sentiment perspectives, this setup looks promising for a short-term long opportunity, but with proper risk management in place. Overall, NZD/USD is showing a clean structure for a potential bounce — patience and confirmation will be key here. What’s your view on this pair? Do you think the bounce will hold, or are we due for another leg down?