NZD/USD Bearish Reversal from Order Block

Analysis Summary
Order Block Resistance: The price has reached an order block in the zone between 0.6016 and 0.6032. This area is likely to act as a strong resistance, where sellers might step in, potentially initiating a bearish reversal.
Break of Structure (BOS) and Lower Low (LL): The recent BOS and LL formations reinforce a bearish structure, suggesting a continuation of downward momentum if the price fails to break above the order block.
Support Levels: Key support levels are noted at 0.5959 and 0.5934. These areas are potential targets if the price reverses from the order block. They may attract buying interest but could also act as intermediate stops for a bearish move.
Weak Low: The weak low around 0.5911 could serve as an ultimate target for the bearish move. If this level is reached and broken, it would confirm further downside potential and a continuation of the bearish trend.
Potential Scenarios:
Bearish Reversal from Order Block: If the price is rejected within the 0.6016–0.6032 order block, a bearish move could unfold, targeting the support levels at 0.5959, 0.5934, and eventually the weak low at 0.5911.
Breakout Scenario: Should the price break above the order block and sustain itself, it would invalidate the bearish setup and could signal a potential bullish continuation.
Conclusion
NZD/USD is approaching significant resistance within the order block zone at 0.6016–0.6032, where a bearish reversal could initiate a move toward 0.5959, 0.5934, and possibly the weak low at 0.5911. Traders should monitor the reaction within the order block for potential short entries, keeping an eye on support levels for downside targets.