Signal NZDUSD Sell — H1 - July 16, 2026 08:59 GMT-4
Signal closed at take profit
On the H1 chart, NZDUSD has been carving a descending channel since the early July rally. The last ten candles show lower closes, with the most recent high at 0.58583 failing to hold and the price slipping back to the 0.5847‑0.5850 range. Volume peaked during the bullish breakout (≈9,000 contracts) but has since tapered to 2‑3 k, indicating waning participation and a lack of confirmation for a higher leg. Bearish momentum is evident as each successive high is lower, and the price is testing the upper boundary of the channel near 0.5850. A sell entry around the current swing high…