The H4 chart of NZD/USD exhibits a bearish trend, with the price making a series of lower highs and lower lows since the beginning of the candle window. The recent high at 0.59615 is below the previous high at 0.59754, indicating a weakening uptrend. The price has also broken below the support level of 0.59544, which was previously a resistance level. The volume has been increasing on the way down, indicating a strong bearish momentum. The RSI (not shown) is also in the oversold territory, suggesting that the price may have reached a short-term bottom. Looking ahead, the price may…

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