Anna 
During the early European session on Friday, the NZD/USD pair continued its downward trajectory, extending losses toward the critical psychological support level of 0.6100. A decisive breach below this level could intensify downward pressure, potentially leading the pair to test the vicinity around March’s low at 0.6068 and a significant support level of 0.6050.
Further downside momentum may propel the NZD/USD pair to revisit February’s low at 0.6037, followed by the psychologically significant level of 0.6000. Traders will keenly observe these levels for potential shifts in market sentiment.
Technical analysis, particularly the Moving Average Convergence Divergence (MACD), suggests a prevailing bearish sentiment for the NZD/USD pair. The MACD line’s positioning below both the centerline and the signal line signals a bearish trend. Moreover, the 14-day Relative Strength Index (RSI) below the 50 level reinforces the bearish outlook.
On the upside, the NZD/USD pair may encounter resistance at the 23.6% Fibonacci retracement level at 0.6124, followed by the nine-day Exponential Moving Average (EMA) at 0.6137. Further resistance levels are anticipated at 0.6150, followed by the 38.2% Fibonacci retracement level at 0.6179, should the pair ascend higher.
