The NZDUSD, also known as the Kiwi, has been trading within a tight range on the H4 chart. The recent candles show a bearish momentum, with the price bouncing off the resistance at 0.596 level and falling towards the support at 0.593. The volume has been decreasing, indicating a lack of conviction in the move. However, the recent candles suggest a potential breakdown of the support, which could lead to a further decline in the price. The trend is still bearish, and the momentum indicators are not showing any signs of a reversal. The price may test the next support…

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