The H4 chart of NZDUSD presents a bearish pattern, with a series of lower highs and a sustained decline in price over the past few days. The recent candles have formed a descending triangle, indicating a potential breakdown in the trend. The momentum indicators, such as the RSI and Stochastic Oscillator, are also aligned with the bearish bias. The volume has been relatively weak, which could be a sign of a lack of conviction in the sellers. However, the recent surge in volume on the 4th candle suggests that the bears are gaining strength. The price has been trading below…

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