NZDUSD Bearish Setup from Daily 50% Fib + RSI Divergence

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NZDUSD Bearish Setup from Daily 50% Fib + RSI DivergenceNZD/USDOANDA:NZDUSDChoughleNZDUSD is showing a clean multi-timeframe bearish setup with strong confluence across higher and lower timeframes. Higher Time Frame Context: Price is reacting from the 2025 & April 2025 lows, forming a key demand zone However, the overall structure remains bearish Weekly Analysis: Fibonacci drawn from 0.70342 → 0.55118 Price rejected from 38.2% (0.6093) → confirming bearish pressure Daily Setup: Price retraced into 50% Fib (0.5871) This area is acting as a strong resistance 4H Confirmation: Bearish RSI divergence Clear rejection from the 50% daily fib zone Trade Plan: Entry: 0.58284 Stop Loss: 0.58949 Targets: TP1: 0.57620 (1:1 RR) TP2: 0.56948 (1:2 RR) TP3: 0.56271 (1:3 RR)