NZDUSD - Medium-term potential: a decline to 0.5658New Zealand Dollar/US DollarFX:NZDUSDRLindaNZDUSD , after breaking through support, is entering a distribution phase and is heading toward the liquidity zone. A bounce is possible before the decline continues An active downtrend is in place; the currency pair (within the distribution phase) is aiming to test the key support level at 0.5711. Against the backdrop of a strong dollar, the NZD is facing selling pressure. The market is in a bearish trend (against the backdrop of a strong dollar, which is poised to continue its rise). A liquidity zone at 0.5711 lies ahead. An initial reaction could trigger a rebound and a retest of resistance. Resistance levels: 0.5768, 0.5817 Support levels: 0.5711, 0.5658 A false breakdown of support could trigger a rebound toward resistance (the imbalance zone), but within the context of a downtrend, the decline may continue. Medium-term potential: a decline to 0.5658 Best regards, R. Linda!