The H4 chart for NZD/USD presents a bearish trend, with the price consolidating below the 0.595 level. The recent price action has formed a descending triangle pattern, indicating a possible breakdown. The volume has been decreasing, which suggests that the bears are losing momentum. However, the recent surge in volume on the last candle indicates a potential reversal. The price is currently trading near the lower end of the Bollinger Bands, suggesting that it may bounce back. The RSI is also in oversold territory, which could lead to a short-term bounce. However, the overall trend remains bearish, and a breakdown…

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