Longterm view of NZDUSD

After series of impulse movements as a result of Global economic news, the market broke below the monthly zone and is currently in a retracement phase. On a weekly and daily timeframe, there is a bearish engulfing signaling that the bears still dominate the market. In order to execute a trade, my target will be the 0.59685 region and expect the market to conclude the ride down to the 0.55404 monthly zone.

NB: This is not a financial advice.
USE WISE RISK MANAGEMENT.