NZDUSD Analysis, May 27, 2025
NZDUSD on the current M15 time frame, the price shows a potential retracement towards the new resistance area, namely the green zone around 0.5970-0.5985, which previously functioned as support and has now turned into resistance. If a candlestick pattern appears in this zone such as a bearish engulfing, evening star, or bearish pin bar, then this will confirm the continuation of the downtrend.
The main strategy that best suits current market conditions is to wait for a retracement to the resistance area. Entry Point Sell in the area of 0.5970-0.5985 with Stop Loss: Above resistance, around 0.5995 and TP at a price of 0.5935