NZDUSD Bearish Rejection at Supply – Continuation Setup Toward 0

Jun 2

NZDUSD Bearish Rejection at Supply – Continuation Setup Toward 0.5830

NZDUSD on the 4H timeframe shows a clear rejection from a well-defined supply zone around 0.5980–0.6000, where price previously reacted with downside momentum.

The recent impulsive move into this area has been followed by a sharp bearish reaction, reinforcing the strength of sellers at this level.

As long as price remains below the highlighted supply zone, bias remains bearish in the short term.

Target 1: 0.5885
Target 2: 0.5837

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️

Jun 3

Trade active

Jun 4

Trade closed: target reached