NZDUSD Channel Down forming a Low. Buy Signal.

The NZDUSD pair has been trading within a Channel Down since the July 01 2025 High and is currently approaching its bottom (Lower Lows trend-line).

Four out of five Lower Lows have rebounded on a Bullish Leg to at least the 0.618 Fibonacci retracement level. With the 1D RSI also oversold, we expect a new Bullish Leg to start and target yet again the 0.618 Fib at 0.57250.

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