On the H1 chart for NZDUSD, the price has been consolidating within a narrowing range between 0.5865 and 0.5885 since the mid-May period, with lower highs and lower lows indicating a bearish trend. The most recent candles show a failed attempt to break above the key resistance at 0.5885, as the high of 0.58867 (candle 1780585200) was quickly reversed, closing below the prior high. This rejection, coupled with a decline in volume during the upward thrust, suggests waning bullish momentum. The current price action near 0.58807 aligns with a potential sell setup, as the close of the previous candle (0.58699)…

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