NZDUSD: third touch of resistance - continuation of the fall
Since the beginning of February this year, the price of the low-value pair has been falling in a downtrend after it bounced off the main resistance line at 0.745. During the fall, the price was able to break through the border of the main uptrend 0.717. Then it continued to go down in the channel and eventually came to the resistance of 0.703. Now we can expect the continuation of the fall to the support of 0.677.
SL - 0.711.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.711.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.