NZDUSD: Important Warning!!!

if you follow NZDUSD for quite a while you definitely noticed a clear weakness of new zealand dollar against usd.

from the current perspective, the retest of the year's low looks inevitable.

if you are looking for a long opportunity, I believe that the best option for you is to wait for a test of the 2019's low.
the majority of the buying orders will concentrate within the underlined orange area and buying from the current prices is very risky.

even if we see a pullback next week, I would still prioritize shorts over longs trying to catch an impulse to lower levels.

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have a great weekend!