NZDUSD downtrend, measured with precision

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
120 0
It never ceases to amaze me how price seeks out median line and median line extended targets time after time. NZD is still in a strong downtrend, but it had a nice reaction off the 1st warning line of the lower median parallel. Is more downside in store?

At this point I'm still bearish , but the nice bounce off the line makes me want to wait and see before taking a stab at a trade.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out