NZDUSD 19 Oct 2023 on the daily timefra, looks like this pair continues to bearish since touching the S1 line at the beginning of this month. Tried to rise at the beginning of the month to occupy the price of 0.60457 and touched S1 and then experienced a trend reversal to bearish. Continuing to fall until it is below the kumo on the ichimoku indicator as well as breaking S2 makes this pair now at 0.58278. If referring to the stochastic indicator which shows this pair has been in the saturated zone due to oversold, allowing a trend reversal to occur. If the bullish indication is true then go-long can be an option for traders. But if this pair is unable to reverse the trend and continue the bearish trend then go-short is still an option.
