nzdusd forecast today

The NZD/USD pair displayed significant bearish momentum last week, closing at 0.5760. This level coincides with the low from September 2023, reflecting the strong dominance of sellers in the market. The pair is struggling to find meaningful support, indicating the prevailing downward trend. Technical Analysis On the H4 chart, the NZD/USD pair remains firmly in a downtrend, with both the 50 EMA and 200 EMA acting as dynamic resistance levels, preventing any recovery. The 200 EMA is well above the current price, emphasizing the strength of the bearish momentum. Support Levels: The next immediate support target is at 0.5700. If…