NZD/USD H2 Analysis

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NZD/USD H2 AnalysisNZD/USDOANDA:NZDUSDCharts_M7MNZD/USD remains under bearish pressure after a sharp rejection from the 0.5950 resistance area. Price has broken below short-term support at 0.5855, while trading beneath the Ichimoku cloud confirms continued downside momentum. RSI is deeply oversold, suggesting potential for a short-term corrective bounce, but the overall structure still favors sellers unless price reclaims 0.5875–0.5900. A sustained hold below 0.5855 could extend losses toward 0.5810. On the upside, 0.5900 remains the key resistance zone for any bullish recovery scenario.