The NZDUSD market has been experiencing a downward trend on the H4 chart, with the price breaking below a significant support level at 0.595. This break has triggered our sell signal, which is further reinforced by the declining momentum and the increasing volume on the downside. The recent candles have formed a bearish engulfing pattern, indicating a strong selling pressure. The price has also bounced off the 0.5935 resistance level, which adds to the bearish narrative. With the price currently trading near the support level at 0.5935, we expect it to continue its downward trajectory. Our sell signal is justified…

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