The Pound New Zealand is showing signs of a retrace towards the 50% balancing area around 2.00979.
Supporting this idea is 1.An 89 Bar fib count from the high, 2. A possible retracing range repeat, 3. The level 2.00979 4. A "Very Shallow" just above the level indicating weakness, 5. Two reaction lines crossing around the level. I will be watching closely around the 2 vertical lines for a shorting opportunity should price reach this level.