DeGRAM

NZDUSD fall and return in channel

Short
FOREXCOM:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
During strong growth since the beginning of November, the price has broken through the upper line (resistance) of the ascending channel in which it has been moving since the beginning of 2020.
Then it came to the strong resistance line at 0.710.
And from her began to fall.
This is one of the strongest lines on the current chart.
She was educated in 2015.
Over the years, the price approached the line several times after a strong growth, but never broke through.
Despite the fact that the breakout of the channel is a serious sign, I expect the price to fall from the resistance.
So even if the price now corrects to it (which I doubt), it is still unlikely to break.
Moreover, the price is already showing a downward trend.
I expect the price to come to the support line (with a correction near the upper channel line).
The target is 0.688.

--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.