The H4 chart of NZD/USD presents a complex scenario, with the price oscillating within a descending channel. The recent high of 0.59754 indicates a possible exhaustion of bullish momentum, while the low of 0.59297 suggests a potential support level. The volume, although not extremely high, indicates a moderate level of interest in the market. A closer look at the candles reveals a series of lower highs and lower lows, confirming the bearish trend. Moreover, the RSI indicator is trending downward, supporting the idea of a potential sell signal. Considering the current market dynamics, it seems reasonable to expect a continuation…

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