NZDUSD – 4H Descending Channel AnalysisNew Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDforexinworldMarket Structure: NZDUSD is in a higher-timeframe downtrend, forming consistent lower highs and lower lows. A clear descending channel is visible on the chart, supporting bearish continuation. Price Action: The recent upward move appears to be a pullback. Price has shown rejection near the upper boundary of the channel, indicating selling pressure. Trade Bias: Sell Zone: 0.5780 – 0.5810 Stop Loss: 0.5855 Take Profit Levels: 0.5720 0.5660 0.5600 Invalidation: 4H candle close above 0.5860