NZD/USD is trading in a downtrend

On the hourly chart, the NZD/USD pair is trading in a downtrend, remaining below the MA (200) H1 moving average, which confirms the dominance of bearish sentiment. After the breakdown of support around 0.6010, the price gained a foothold below this level and tested it several times from the bottom up, failing to overcome it. This reinforces the importance of this zone as a resistance. The nearest support is at 0.5960, and it is this area that the pair may strive for in the event of renewed pressure from sellers. The MACD indicator shows negative values, despite an attempt to turn up, which indicates continued bearish pressure. The overall technical picture remains negative, and in the absence of a confident breakdown of the 0.6009 level downwards, a downward movement towards 0.5960 may continue. The appearance of a divergence on the MACD may signal temporary consolidation or a corrective pullback.

Resistances are at the marks: 0.6010, 0.6055, 0.6090

An alternative scenario: 0.5960, 0.5925, 0.5890

The main scenario of the pair's movement implies a breakout of the support 0.5960 (June 19 low) and there may be a decline to 0.5925 (May 28-29 low) 

An alternative scenario assumes a breakout of the session high of 0.6010 (June 17 low) and there may be an increase to 0.6055 (June 18 high)