NZDUSD FALLING to support line
In a very strong and non-stop rally during this week, the price came to a strong resistance zone.
This zone is formed by a resistance line - one of the strongest in recent years, which appeared in February 2020 - that is, it has been forming a price movement for a couple of months already.
And also - the level of resistance. We see that the price has come perfectly at the re-reading of this level and line.
That is why I expect growth to stop now. Thus, the price will touch the zone and reverse from it in a downtrend.
I expect it to fall to the support line at 0.662.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
This zone is formed by a resistance line - one of the strongest in recent years, which appeared in February 2020 - that is, it has been forming a price movement for a couple of months already.
And also - the level of resistance. We see that the price has come perfectly at the re-reading of this level and line.
That is why I expect growth to stop now. Thus, the price will touch the zone and reverse from it in a downtrend.
I expect it to fall to the support line at 0.662.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.