Volatility for nzdusd has been contracting over the past two weeks relative to volatility over the past month.
This move is a reversal from the hour prior, which saw price move down.
This move is a reversal from the hour prior, which saw price move up.
This imputes a buy/sell ratio of 0, which is quite bearish.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
Also of note is that on the 30 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Wave 5 has already started to complete its impulse wave.
Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.