FX.co ★ osenger | NZD/USD

Most of yesterday's trading day on the NZD/USD pair, buyers actively tested the resistance level around 0.5944, but they failed to break through it, despite the relatively high and steadily increasing volumes. This, against the backdrop of the lack of further growth, appears as weakness from the bulls. Apparently, a large cluster of limit sell orders is located around the indicated level, so it won't be easy to break through it. As a result, I prioritize selling, so today I will wait for the NZD/USD pair to retest the resistance level at 0.5944, followed by a bounce off it and a resumption of decline towards the targets around 0.5900. Hello traders!