NZDUSD MARKET ANALYSIS

 Hello traders, here's another pair I am closely watching out for is NZDUSD. Price rallied to a major H4 supply zone at 0.60750 & 0.60500 which was a previously broken demand and also origin of the previous drop to the major H4 & daily demand zone at 0.59100 & 0.58660. Price has filled the major H4 range from the major H4 supply zone to the major H4 demand zone and back to the H4 supply zone. Price rallied into the H4 supply zone at 0.60750 and formed candle closes inside supply followed by a strong H4 bearish engulfing candle dropping 70 pips to 0.60000 forming lower lows confirming a shift in market structure to bearish. I anticipate a potential continuation of the drop lower with my major target being the H4 demand zone at 0.59100 & 0.58660.