NZDUSD If the support of the bottom of the channel is not lost
If the support of the bottom of the channel is not lost, the upward path will continue and imaginable scenarios.
As long as it does not lose the bottom of the long-term ascending channel, it will follow the path drawn by the blue arrow in the current descending channel and the target points can be imagined for it. If it hits the bottom of the ascending channel again and loses it, the next support level is marked in the red path. The results of the US presidential election and the upcoming federal conference of the day and the decision regarding the interest rate should also be taken into account.
As long as it does not lose the bottom of the long-term ascending channel, it will follow the path drawn by the blue arrow in the current descending channel and the target points can be imagined for it. If it hits the bottom of the ascending channel again and loses it, the next support level is marked in the red path. The results of the US presidential election and the upcoming federal conference of the day and the decision regarding the interest rate should also be taken into account.
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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.
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.