NZDUSD | Triple Supply Rejection on M15New Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDLegendOnThisOneNZDUSD is testing a major daily supply zone after an extended move higher. Despite three separate attempts to break above this level, buyers have been unable to establish acceptance beyond the zone. The lower time frame strengthens the bearish case. On the M15 chart, each rejection occurred as RSI reached the 70 level, showing that bullish momentum was unable to translate into a successful breakout. This repeated failure at a key area suggests the market may be preparing for a move lower. I am looking for price to respect this supply zone and rotate toward the next significant demand area around 0.5657. What I’m Watching • Three consecutive rejections from the same supply zone. • M15 RSI reaching overbought conditions on each test. • Lack of follow through from buyers despite repeated attempts. Trade Parameters Entry:0.5857 Stop Loss: 0.5897 Target: 0.5657 If price closes decisively above the supply zone, this bearish idea is invalidated and I will reassess the market structure. This analysis reflects my personal market view and is shared for educational purposes only. It is not financial advice.