NZDUSD Technical:Sellers take profit near 2024 highs as key support levels come into focus | Forexlive

The NZDUSD peaked yesterday at 0.6030, just above the previous 2025 high at 0.6028, but quickly reversed as sellers leaned into that resistance. The decline has since pushed the pair back toward a critical confluence support zone that will be key in determining the next directional move.

This support area centers around the 100- and 200-bar moving averages on the 4-hour chart, along with the 100-hour MA, all converging near 0.5933. This cluster presents a potential pivot zone—a place where sellers may take profit and buyers could step in with clearly defined risk. The question now is: will this area hold and attract dip buyers, or will it give way and trigger a deeper downside move?

A break below this support would tilt the bias more firmly to the downside, with the next key target at the 200-day moving average near 0.5879. Below that, traders will shift focus to the mid-April swing area between 0.5845 and 0.5860.

NZDUSD – Key Support and Resistance Levels

Resistance Targets:

Support Targets:

• 0.5933: Confluence support (100-hour MA + 100/200-bar MAs on 4-hour chart)

• 0.5879: 200-day moving average

• 0.5845–0.5860: Key swing area from mid-April; next target on extended downside break

These levels define the near-term battle lines, with 0.5933 acting as the key pivot for short-term direction.