The H4 chart of NZD/USD presents a bearish picture, with the price hovering near the resistance level of 0.59562. The recent price action has been characterized by a series of lower highs and lower lows, indicating a weakening trend. The momentum indicators also suggest a downtrend, with the relative strength index (RSI) hovering below 50. The volume has been relatively low, but the recent spike in volume at the low of 0.58648 suggests that the selling pressure may be increasing. This setup supports the sell signal, as the price is likely to continue its downtrend towards the support level of…

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