Summary of NZD/USD Analysis - July 10, 2025

The article discusses the current technical analysis of the NZD/USD currency pair, highlighting its recent price movements and potential future trends. As of July 10, 2025, the NZD/USD has been experiencing consistent selling pressure, indicating a dominant downtrend.

Key Points:

• Recent Price Action: The NZD/USD pair attempted a bullish correction, forming a black wedge pattern, which is typically a continuation pattern after a trend pause.
• Resistance Level: The price nearly broke above an orange downtrend line but failed to maintain momentum, leading to a false bullish breakout, which is marked as a bearish signal.
• Bearish Breakdown: The price has now broken below the lower edge of the wedge, adding a second bearish trigger, which increases the likelihood of a deeper downward move.
• Confirmation of Sell Signal: A close below both the wedge and the orange downtrend line in the current H1 candle and subsequent candles would confirm a valid sell signal.
• Potential for Recovery: If the price recovers and moves back above the orange resistance, the failed breakout would be neutralized, allowing bulls to regain control and potentially inviting long positions.

Conclusion:

Currently, the momentum is leaning towards a bearish outlook for the NZD/USD pair. Traders are advised to monitor for follow-through below the breakdown level to confirm the bearish setup. The analysis emphasizes the importance of watching key resistance levels and the implications of price movements in determining trading strategies.