FX.co ★ NZDUSD D1 I Potential bearish reversal?

The NZD/USD chart could exhibit a bearish reaction off the 1st resistance level and drop towards the 1st support level. The 1st support level at 0.5861 is identified as a pullback support while the 1st resistance level at 0.5996 is identified as an overlap resistance that aligns with the 23.60% Fibonacci retracement level. Additionally, the 2nd resistance level at 0.6084 is also marked as an overlap resistance that aligns with the 38.20% Fibonacci retracement level.