NZDUSD: 0.5950 accumulationNew Zealand Dollar vs United States DollarTICKMILL:NZDUSDTrade8Eight🛠 Technical Analysis: On the H4 chart, NZDUSD is compressing near the 0.5950 support band, signaling consolidation that often precedes an impulse move. Price is currently capped below the SMA 50 and SMA 100, which keeps short-term pressure bearish and limits upside recovery attempts. The recent swing also shows a prior false breakout, followed by rejection and a return back into the range, weakening buyers’ conviction. The market is now building an “accumulation” shelf around 0.5950, and a clean breakdown would confirm continuation selling. The SMA 200 sits just beneath price, so a decisive push below it would act as an extra bearish trigger. If the support gives way, the next major demand zone is marked at 0.58437, which becomes the primary downside objective. ——————————————— ❗️Trade Parameters (SELL) ——————————————— ➡️ Entry Point: 0.59376 🎯 Take Profit: 0.58437 🔴 Stop Loss: 0.60002 ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.