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Trader Journals:::2025-12-03T12:08:10

NZD/USD

NZD/USD

In the NZD/USD pair, a pullback from the growth today is only possible to the support at 0.5729, where the average line of the trading range on an hourly scale, according to Envelopes, is located. As long as the price is held above this level, the priority is towards growth to the resistance at 0.5781. However, if sellers manage to press down this support at 0.5729 and close the hourly candle below this level, we will receive a signal for selling instead of buying, as it is now. Therefore, I believe that at the level of 0.5729, the NZD/USD pair is facing a battle between buyers and sellers today.
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