Price has been trading inside the given parallel Channel since 2021 ! recently price tested the lower limit of the channel and got pushed up till 0.63515 where it was faced by another resistance zone and got pushed down ! Price is in the process of retesting the above said resistance zone before it continues with the downward movement . The notion of the downward movement gets further strengthened by the observation of a Flag pattern on the Daily Chart and EMAs on weekly and daily charts . my final target for now is 0.61000 !!
Chart PatternsNZDUSDnzdusdshortparallelchannelssellsetupsellsignalsupllydemandsupportTrend AnalysiswaveanalyisWave Analysis

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