The H4 chart for NZD/USD presents a bearish trend, with a clear downward momentum since the beginning of the candle window. The price has been trading within a descending channel, with the lower boundary acting as a support level. The recent candles have shown a decrease in trading volume, indicating a weakening of the upward momentum. The last candle has closed below the previous low, confirming the bearish trend. The RSI indicator is in the oversold territory, suggesting that the price may experience a temporary bounce before continuing its downward movement. In this context, the sell signal on the H4…

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