NZDSUD MARKET ANALYSISNew Zealand Dollar vs US DollarICMARKETS:NZDUSDRohan_analystNZDUSD is maintaining a bullish structure on the 1H chart, with price previously forming higher highs and higher lows before the recent pullback. The current decline can be viewed as a corrective move, with price now trading below the 0.5960 area and approaching a key liquidity/support zone around 0.5930. The chart shows previous bullish BOS confirmations, indicating that the broader market structure remains constructive. However, the recent rejection from the 0.5975–0.5980 supply area has created a short-term bearish setup. A bearish FVG is also visible around 0.5964–0.5969, which may act as a resistance zone if price retraces higher. 📉 BEARISH SCENARIO — DOWNSIDE CONTINUATION As long as NZDUSD remains below the 0.5960–0.5970 resistance/FVG area, sellers may continue to control the short-term move. A rejection from this zone could open the way toward the recent swing-low liquidity around 0.5930. Potential Downside Targets: TP1: 0.59305 TP2: 0.59127 The 0.5930 area represents an important swing-low and liquidity zone. If price breaks below this level with strong bearish momentum, the next downside objective could be around 0.5913. 📈 BULLISH SCENARIO — RECOVERY The bullish structure would remain more constructive if buyers reclaim and hold above the 0.5960–0.5970 region. A strong breakout through the bearish FVG could send price back toward the 0.5975–0.5980 supply zone. A clean break and sustained trading above 0.5980 would weaken the immediate bearish setup and could signal continuation of the broader bullish structure. 📊 MARKET VIEW Overall, NZDUSD remains structurally bullish on the 1H timeframe but short-term bearish from the current resistance area. Rather than chasing the move, traders can watch for a retracement into the 0.5960–0.5970 resistance/FVG zone followed by clear bearish confirmation. your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀