NZDUSD M30: Bearish outlook seen, further downside below 0.6250

On the M30 timeframe, prices are testing a key resistance zone at 0.6250. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6200, in line with the 38.2% Fibonacci extension. Price is hovering near the top of the Bollinger Bands, supporting our bearish bias.