NZDUSD: Expecting Retracement after impulsive leg up

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NZDUSD: Expecting Retracement after impulsive leg upNZD/USDOANDA:NZDUSDTrendDivaPrice is currently in a short-term bullish structure after a strong impulsive leg. And price has now reached a clear resistance zone. After such an expansion, the market often requires a "breather" to rebalance. As price reached this zone, momentum has visibly decelerated. This behavior cleanly suggests that sellers are starting to step in. What is typical when price revisits a well-defined area like this one, that it often leads to either a deep pullback or a trend reversal. My target would be around the 0.5747 level, a healthy, achievable pullback and technically well aligned with normal market behavior. So for me, the market is in a decision area. If price fails to break, the probability favors a corrective drop. That move would be considered a healthy pullback within a bullish trend rather than an immediate trend reversal. Another possible scenario is that price breaks through the zone with strong momentum and then successfully retests it as support, after which bullish continuation is likely to follow. This is not the spot to chase long positions, and it is also not the place to short blindly without clear confirmation.