FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Price could respect the low and reverse from here although there is a large wick with LQD. The reason this wick isn’t strong is because there is no bearish momentum follow through, in other words price didn’t move far away after this sweep. Also, we can see now demand is starting to hold.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.