NZDUSD 2H TIMEFRAME/ PARALLEL MOVEMENT New Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDyashtraderrrr🔍 Structure | Trend | Key Reaction Zones NZDUSD is trading near 0.5896, reacting from the imbalance (IMB VLM) zone after a change of character (CHOCH). Price is holding above key support but still inside a corrective channel. The market is now at a decision point that could drive momentum toward higher liquidity levels. 🧠 Market Overview: 🔻 Previous bearish structure created lower highs within the channel. 🔁 Price tested FVG and continues consolidating between supply and demand zones. 📉 Strong support rests around 0.5880–0.5856. 🔼 Resistance lies at 0.5980 → 0.6034 → 0.6081. 🎯 Key Scenarios: 🔼 Bullish Breakout Possibility 🚀 If NZDUSD holds above 0.5880–0.5856, then potential upside targets are: 🔹 Target 1: 0.5980 🔹 Target 2: 0.6034 🔹 Target 3: 0.6081 🔻 Bearish Breakdown Possibility 📉 If price breaks below 0.5856, then continuation toward lower zones may follow. 🔁 Neutral Scenario 🔄 If NZDUSD stays between 0.5890–0.5960, expect sideways trading inside the channel. 📌 Current Levels to Watch: Resistance: 0.5980 → 0.6034 → 0.6081 Support: 0.5880 → 0.5856 ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.