Expected Rebound Zones for the New Zealand Dollar Index

It appears we are witnessing a strong sell-off for the New Zealand Dollar.

We have witnessed a strong decline in the index and a clear weakness 

for the currency against most other currencies. 

This is due to the sell-off operations, which have not yet concluded. 

Therefore, if the sell-off operations succeed,

we will witness a strong decline in the index and a strong weakness for the New Zealand Dollar.

Currently, strong new supply zones have been formed, 

consistent with the downward trend line,

and with the expected sell-off operations currently at the 1.2382 level.

If the supply zones are tested, a decline is expected from these zones again,

to the targets indicated at the 1.2350 and 1.2300 levels, respectively.

Even if the initial supply zones are breached, we may see a rise to the next zones,

and then a return to the index decline.

Caution is important at this time, and it is preferable to look for

 selling operations for the currency.