The NZDUSD pair on M15 timeframe shows a clear bearish reversal following a prolonged consolidation phase. Price has broken below the critical support level at 0.56914, marked by a strong closing candle with a bearish body and higher volume (424) compared to prior range-bound activity. This breakdown confirms the exhaustion of bullish momentum, as the close below the support level invalidates the previous bullish structure. The recent decline has created a new lower high near 0.57003, suggesting a potential downtrend continuation. Key resistance now lies around the prior high of 0.57113, which may act as a psychological barrier if the…

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