The NZDUSD pair has been in a sustained downtrend on the M15 timeframe, marked by consecutive lower highs and lows. Recent candles show a consolidation phase between 0.5663 and 0.5705, with the last three candles closing near the lower end of this range. The formation of a bullish candlestick pattern—characterized by a long lower shadow and a close near the low—suggests potential support at 0.5663. Volume has been declining during this consolidation, indicating reduced selling pressure and possible exhaustion of the downtrend. The latest candle closed at 0.56668, just above the critical support level, signaling a potential reversal. With the…

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