NZDUSD Rejected at 0.6015, Downside Pressure Building

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NZDUSD Rejected at 0.6015, Downside Pressure BuildingNew Zealand Dollar/US DollarFX:NZDUSDKlejdiCuniNZDUSD Rejected at 0.6015, Downside Pressure Building On the 4-hour time frame, NZDUSD started a bearish movement. The price tested a strong area near 0.6015 and started to react based on a stronger USD and a strong structure where the price reacted also before. From a technical perspective, the price should fall to test the first and strongest major support area near 0.5940 and if the price manages to break this area, it could fall further to the next area at 0.5890. You may find more details in the chart. Thank you and good luck! 🍀 ❤️ If this analysis helps your trading day, please support it with a like or comment ❤️