⚠️NZDUSD first - growth, then - fall
The price is moving in an upward channel.
This channel appeared in March 2020.
In November, the price broke through and returned back to the channel only in March 2021.
It broke through the resistance line 0.721.
After breaking through the resistance line at 0.721, the price returned to the growing channel.
It dropped to the 0.694 support, bounced off and rallied.
The price broke through the resistance of the lower downtrend 0.702 and continued to grow.
I expect the price to touch the 0.733 resistance and fall.
Will fix at the resistance 0.725 and fall to support.
The target is 0.700.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This channel appeared in March 2020.
In November, the price broke through and returned back to the channel only in March 2021.
It broke through the resistance line 0.721.
After breaking through the resistance line at 0.721, the price returned to the growing channel.
It dropped to the 0.694 support, bounced off and rallied.
The price broke through the resistance of the lower downtrend 0.702 and continued to grow.
I expect the price to touch the 0.733 resistance and fall.
Will fix at the resistance 0.725 and fall to support.
The target is 0.700.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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