Bearish outlook on NZDUSD: 22 September 2022

On the H1 timeframe, prices tested a key resistance level at 0.60, in line with the 61.8% Fibonacci extension . A pullback to the resistance zone could present an opportunity to play the drop to our next support target at 0.58, in line with the 141.4% Fibonacci extension . Prices are also holding below the Ichimoku cloud , supporting our bearish bias.