FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Following the recent update on NZDUSD the market seems to be reversing from Nov. 17 2022 retracement levels, this price level has currently created a current low of the year.

While we have the high up there, following the textbook setup we have a down trend followed by a retracement which me might expect a continuation lower when the retracement is done.

Till we see a change of momentum downwards the market might be truly be reversing else proven otherwise.

#mythoughts.Though

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.