NZDUSD Sellers Regain Control Below 0.57270 Key Level

Market Analysis – March 25

NZDUSD  has lost bullish momentum, with sellers piercing through the 0.57270 key level. After a brief rally in early March, buyers failed to sustain momentum, allowing bears to regain dominance. If selling pressure persists, the market could slip further toward the 0.55000 support zone.

NZDUSD Key Levels:

Support Levels: 0.57270, 0.55000
Resistance Levels: 0.58000, 0.59000

NZDUSD Long-Term Trend: Bearish (Daily Chart)

NZDUSD buyers initially found strength after escaping a prolonged accumulation phase, but lost steam near the 0.58000 resistance level. The currency pair is now facing renewed selling pressure, pushing price action back toward the consolidation zone. The Moving Average Crossing indicator signals bearish control, with sellers gaining confidence in the market. The Momentum indicator confirms that buyers have lost dominance, indicating further downside potential.

If sellers breach the 0.57270 level, the next downside target will be 0.55000. However, if buyers manage to reclaim control, NZDUSD could attempt another recovery toward 0.58000. A sustained drop below 0.57270 could drive NZDUSD toward 0.55000, where buyers may attempt a reversal. Traders should monitor price action around 0.57270, as it will determine whether sellers can extend their control.

NZDUSD Medium-Term Trend: Bearish (4-Hour Chart)

On the 4-hour chart, selling pressure has intensified, with bears allowing more short positions to enter the market. The Moving Average Crossing indicator signals strong bearish volume, suggesting further downside movement.

The Momentum indicator remains weak, confirming that buyers are struggling to regain strength. If sellers maintain control, Kiwi could decline toward 0.55000 in the short term. However, if buyers step back in, a rebound toward 0.58000 remains possible.