FX.co ★ NZD/USD

On the NZD/USD pair, buyers have been actively testing the calculated resistance level around 0.5660 over the last couple of trading days, but they still haven’t managed to break through it. At the same time, volumes during the test were quite high and gradually increasing, which, against the backdrop of the absence of further growth, looks like weakness on the bulls’ side. There are just too many limit sell orders accumulated around the indicated level, and it won’t be easy to break through them. Overall, I still prioritize selling, so today on NZD/USD I’ll be looking for a bounce from the previously broken resistance level at 0.5660 and a resumption of the decline toward the targets at the nearest calculated support level of 0.5620.