On the USD/NZD D1 chart, the lower support level was successfully broken. The recent strength of the dollar has also caused many non-US currencies to fall. From the Fibonacci backtest, it can be seen that the price also directly reversed and fell after hitting the 0.782 position. And the RSI shows that the price is below 50 indicating a very strong downtrend.
USD/NZD has a strong downward trend on the H1 chart, and there is currently no sign of a trend reversal. And the price is already doing a callback. And the RSI indicator can see that even if the price retraces, the RSI has remained below 50 percent, indicating that the trend is still very likely to fall.
Deploy empty orders at high positions. In the long-term, the take profit position can be set at a lower support level, and you can refer to the daily chart.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.