FX.co ★ NZD/USD

Hello traders, Regarding the NZDUSD pair, I currently do not have any open positions, and buying at the moment is not justified technically as we are trading at the top of the four-hour trading range. However, in order to receive a sell signal, we need to wait for the hourly candle to close below the level of 0.6085, which is only 8 points below the current price of 0.6093. If the price consolidates below the level of 0.6085, it will be a classic sell signal for the NZDUSD pair according to the Envelopes indicator on the hourly and four-hour timeframes, with the selling target being the support at the level of 0.5968.