Signal NZDUSD Sell — H4 - June 16, 2026 16:01 GMT-4
On the H4 chart of NZD/USD the market has been carving a descending channel since early June. After a brief rally to the 0.5843 high, the last three candles closed lower, forming a bearish three‑bar reversal. The most recent candle (0.58394 → 0.58374) showed a shrinking upper wick and a volume dip, indicating that buying interest is fading despite the price hovering near recent resistance. Key support now sits around the 0.5825‑0.5830 zone, which held through the prior pull‑back. A break below this level would expose the next cluster of demand near 0.579‑0.577, aligning with the projected target. The sell…