NZDUSD is forming a local bullish reversal structure by FRLNew Zealand Dollar/US DollarFX:NZDUSDborschenkovitcNZDUSD is forming a local bullish reversal structure according to the Fractal Reversal Law (FRL). The market has completed a descending impulse and printed a local FRL neckline, supported by: 1. A completed local impulse channel 2. Bullish MACD divergence 3. A touch of the lower boundary of the main descending structure. FRL states that a phase transition begins only after the break of the neckline. This local neckline is the nearest structural trigger for a potential bullish shift. Until then, this remains a local reversal attempt, not a confirmed trend change. Share your thoughts on this structure and the nzdusd in general.