The NZDUSD H4 chart reveals a clear downtrend with consecutive lower highs and higher lows, indicating weakening bullish momentum. The most recent candle closes at 0.58257, forming a bearish pattern relative to the prior high of 0.58628, which acts as key resistance. Volume spikes to 10109 in the final candle, confirming strong selling pressure at these levels. The pair has been consolidating near the 0.5825-0.5835 range, with close proximity to the 0.58257 entry level suggesting potential for a breakout. The current structure shows price struggling to hold above the 0.5835 psychological barrier, with bearish closes and declining volume in the…

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