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