Hello fellow risk-takers.

After price breaks a lower low what usually follows is a deep retracement.

NZDUSD is heavily bearish but it looks a bullish retracement is somewhat required as a reaction to the recently broken lower low.

Buyers seem inclined to make the retracement happen.

Trade well and take care.
Chart PatternsNZDUSDTrend AnalysisWave Analysis

Penafian