NZDUSD is still in a bearish displacement, but resistance is building. A bullish order block is slowing the decline, which has prevented the price from falling further. However, the market structure remains bearish, with sellers pressing forward as the price tests key support levels.
The break below the 0.61000 swing low confirmed the bearish shift. This was expected, as the Lorentizan Machine Learning Classification Indicator signaled a sell before the drop.
Price fell aggressively with large candles and left fair value gaps between 0.62600 and 0.60820. But now, the momentum has slowed after the price hit the bullish order block at 0.60820. Smaller candles and retracements are starting to fill these gaps, indicating a pause in the seller’s strength.
NZDUSD Short-Term Trend: Bearish but Slowing
On the lower timeframe ( the four hour chart), the trend remains bearish, but the slope is much gentler. Sellers are still pushing against the support from the bullish order block of o.60820 clearly visible on the daily timeframe. Since the range of the order block is wide, they need to hold out longer to break through. If sellers lose control, a bullish reversal could drive the price back to 0.62600.
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NZDUSD Short-Term Trend: Bearish but Slowing
