The NZDUSD pair on M5 timeframe shows a clear bearish bias following a consolidation phase. Recent candles exhibit lower highs and higher lows, indicating a weakening bullish trend. The price has been range-bound between 0.5921 and 0.5926, with key resistance at 0.59263 (closed) and support at 0.59251 (multiple closes). The current setup suggests a potential breakout below the support level, as the price action near 0.59276 reflects a failed attempt to retest resistance, marked by a bearish close and declining volume. This implies weakening buying pressure, aligning with the sell signal. The trend context favors a continuation of the downtrend,…

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