NZDUSD H4 The pair is trading in an ascending trend channel. The lower boundaries of the trend channel have been broken. The support at 0.56732 was breached, then it dropped to 0.56020. There was buying volume here, indicating a potential continuation of the uptrend. When it moved towards 0.57433, there was selling volume, a range was formed, and eventually the pair moved upwards, surpassing its previous highs. It started to decline near the support at 0.56732, with buying volume present. I anticipated the pair would go higher. It reached a new high and once again encountered selling volume. A downtrend began. I believe the pair will move lower, with 0.56732 acting as support.
