NZD/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.575 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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.