Signal NZDUSD Sell — M15 - May 25, 2026 05:35 GMT-4
The NZDUSD pair has been in a consolidation phase on the M15 timeframe, with recent price action forming a series of higher lows and higher highs, suggesting a bullish trend. However, the last few candles show a critical shift: after testing key resistance near 0.5875, the price retraced to form a bearish engulfing pattern on the 0.58712 candle, marked by a low volume of 15. This indicates waning bullish momentum and a potential reversal setup. The consolidation range between 0.5855 and 0.5875 has been breached multiple times, but the recent close below the 0.58712 high, coupled with diminishing volume, signals…