NZDUSD: One Last Drop Before a Reversal?NEW ZEALAND DOLLAR / U.S. DOLLARFX_IDC:NZDUSDzarixschoolNZDUSD is getting close to a major support area, and I think we could be approaching an important turning point. But here's the catch: we might see one more drop before the real recovery begins. Let me explain what I'm watching. 👇 📉 Weekly Chart: Are Sellers Running Out of Steam? NZDUSD has been falling, but something interesting is happening. Selling pressure appears to be fading as price approaches a major support level at 0.5468. I still think there's a good chance we'll see one more move lower to test that level before buyers step in. And there's another interesting detail. December 4 is a date I'm watching for a possible weekly bottom. That doesn't mean price will automatically reverse on that day. It's simply a potential turning point based on my timing analysis. The reaction around support will tell us much more. 🎯 Daily Chart: Two Areas Where a Bounce Could Start The daily chart is approaching two important support zones. 🟢 0.5527–0.5518: The first area where buyers could step in. 🟢 0.5494–0.5479: A deeper support zone where another attempt to form a bottom could develop. I believe there's a good chance NZDUSD could bounce from one of these areas and move higher for several days. But remember, a bounce doesn't necessarily mean the downtrend is over. 🚀 What Happens If Buyers Take Control? If NZDUSD starts recovering from support, I'll be watching two levels: • 0.5629: The first important resistance. • 0.5692: The next major level buyers would need to overcome. A move through these levels would make the recovery much more convincing. For now, though, I'm more interested in how price behaves around support than in chasing a move higher. 💡 My Outlook I still see the possibility of one final weekly drop before a meaningful recovery. The daily chart, however, could give us a short-term bounce sooner. Here's what matters to me: ✅ Watch for buyers around 0.5527–0.5518. ✅ If that area fails, focus on 0.5494–0.5479. ⚠️ Keep 0.5468 in mind as major weekly support. 📅 Watch December 4 as a possible turning point. I'm not trying to predict the exact bottom. I want to see how buyers react when price gets there. Now I'm curious what you think. 👇 Will NZDUSD bounce from these support zones, or are we about to see one last drop before a bigger recovery? Let me know what you're seeing on your charts!