As we see on the 4-hour chart, NZD/USD made an Equal Low at 0.6500 which means Liquidity pool (SELL Side) right there, so that level is lkely to be tested by this pair today. If this level is broken successfully today, the odds are that NZD/USD will continue its downward move at least for testing the Fair Value Gap Main Threshold at 0.6462. As long as the Kiwi does not retrace or climbs higher than 0.6550, the NZD/USD pair is set to follow the bearish trajectory.
(Disclaimer)
