NZD/USD: Yearly Pivot Point Signals Potential Bearish Trend

Hello Everyone,


The NZD/USD pair is currently in close proximity to its yearly pivot point. Our focus at this juncture revolves around anticipating either a retest of the 1-year pivot point before a downward trajectory commences, or a direct descent. It's essential to note that the long-term trend indicates a bearish outlook.

If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.

TradeWithTheTrend3344

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Steady descent. We are on track for now support levels are:
0.611137
0.610554
0.609971
0.608222