The NZDUSD has been exhibiting a downward trend on the M15 timeframe, with the price action consolidating below the 0.5960 resistance level. The recent series of lower highs and lower lows suggests a weakening momentum. Additionally, the volume has been declining, indicating a lack of buying interest. The current price is trading near the 0.5950 support level, which has provided a bounce in the past. Given the bearish momentum and the lack of volume, it is likely that the price will continue to move lower. A short position is justified, as the price is poised to break below the 0.5950…

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