Based on the H4 chart for NZDUSD, the recent price action has formed a bearish trend, with a series of lower highs and lower lows. The current price is trading below the 20-period moving average, indicating a bearish momentum. The Relative Strength Index (RSI) is also below 50, confirming the bearish trend. The recent candlestick pattern suggests a potential reversal, with a bearish engulfing pattern on the H4 chart. The volume has also been increasing, indicating a stronger bearish move. Given the current technical context, the sell signal on NZDUSD is justified. The market is expected to continue its bearish…

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