Today as we see on the 4-hour chart, the NZD/USD pair seems to be still under downward pressure now. The pair has got hold on the 4-hour chart where the Fair Value Gap Main Threshold at 0.6535 seems to be the support level at 0.6520 (as 4-Hour Chart Liquidity Pool) which is still viewed as the target level for this currency pair. If 0.6520 level is not violated until February 2020, then the setup will fail on the grounds of the seasonal trend for NZD/USD. Each February, this pair makes a retracement going up first before the price goes back down to reach the bottom on the 2nd week of March.
(Disclaimer)