Signal NZDUSD Sell — H4 - May 13, 2026 17:25 GMT-4
On the H4 chart of the NZD/USD, a prevailing downtrend has been in effect since the start of the candle window. The recent candles have been forming a descending triangle pattern, indicating a potential breakdown below the lower trendline. The price action has been consolidating within a narrow range, with the recent candles making lower highs and lower lows. This suggests a weakening bullish momentum, favoring a bearish bias. The volume has been relatively low, which could indicate a lack of conviction in the market's direction. However, the recent surge in volume on the 2026-05-06 candle suggests a potential shift…