1. **Currency Pair and Timeframe:** - The chart represents the NZD/USD currency pair. - The x-axis corresponds to time, spanning from late February to early June. - The y-axis represents the exchange rate value in USD.
2. **Chart Features:** - The main feature is a blue line graph that depicts the fluctuations in NZD/USD's value over the specified timeframe. - Annotations are present at specific points on the chart: - "LOWER HIGH" indicates a point where the exchange rate reached a lower high compared to previous peaks. - "LOWER LOW" indicates a point where the exchange rate reached a lower low compared to previous troughs. - Two trend lines are drawn: - A white trend line suggests a potential upward breakout after May 13th. - A yellow trend line anticipates a continuation of the downtrend.
3. **Highlighted Area:** - There is a light blue area highlighted on the chart, indicating a particular focus or period of interest around mid-May.
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.