Look for a bounce in NZDUSD

After a sustained period of pronounced downtrend lasting several weeks, the NZDUSD currency pair is now displaying indications of stabilizing. While the potential for this stabilization to evolve into a new uptrend remains uncertain, noteworthy bullish divergences have emerged within the Cumulative Delta.

Consequently, we are considering a short-term rebound within a designated target range. The trade opportunity presents a favorable Risk-Reward Ratio (RRR) exceeding 3.2:1.