NZD/USD | Further drop towards liquidity

Wait 5 sec.

NZD/USD | Further drop towards liquidityNew Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDAmirAliTradingAs you can see in the Daily chart of NZDUSD, it managed to break above the first supply zone (the lower), then went inside the second (the higher) supply zone, sweeping the liquidity above the 0.5864 level and then it was rejected by the second supply zone, dropping from 0.5872 all the way to 0.5793, and currently is being traded at around 0.5797 level, barely inside the Supply Zone. Now with the geopolitical tensions being at a all-time high, US Dollar is strengthened and in result of that with the war, NZDUSD continues its bearish movement for now. I expect further drop for NZDUSD towards the 0.5744 level to sweep the liquidity there, breaking below the FVG C.E. in the meantime, and it can use the Daily FVG Low at 0.5733 as a reversal point, although it'll have a hard time breaking above the FVG Consequent Encroachment (Gap's midpoint) at 0.5775. It seems very unlikely for a ceasefire to be announced or the war is called over, and President Trump threatening to bomb IR's infrastructure should they dare to attack the ships going in and out the Strait of Hormuz, everything's very complicated right now.