NZDUSD falling channel

Looking at the chart on the four-hour time frame, we see that the pair has found support at 0.69450 and will now be in a smaller upward consolidation. Below are the moving averages of the MA20 and EMA20, but we have MA50 support for now. The pair managed to climb to 0.70700 but made a short retreat. This bearish scenario moves within a falling channel, and it can be a framework for us in the coming period. At the upper edge of the channel, the MA200 and EMA200 are waiting for us, which are currently a resistance and an obstacle to continuing the bullish trend. If we follow the MACD indicator, we see that the MACD blue line has fallen below the signal line as a sign of a potential bearish trend, but we are still in the green upper zone of the indicator, and we need a break below the zero lines.