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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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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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.