Metatrader4 Chart Trading signal #NZDUSD Fibonacci Levels and Analysis

Metatrader4 Chart Trading signal #NZDUSD support trade.

📊 On the NZD/USD H4 chart, price is near 0.5889, coinciding with the 50% Fibonacci retracement of the January high (0.6080) to the March low (0.5696). Resistance is at 0.5920–0.5940 and 0.5970–0.6000, with a break above 0.6000 targeting the 0.6080 swing high. 
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Support holds at 0.5816–0.5780 (61.8% Fib), and below that the cycle low at 0.5720–0.5696 is critical — a breach signals strong bearish continuation. Overall, price is recovering from a deep selloff but remains beneath major resistance, making 0.5889–0.5940 the key battleground.

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