NZDUSD: break the second trend in a row - growth or correction?
At the end of March, the price broke through the resistance at 0.716 and thus left the main uptrend, which had been continuing since April 2020. After that, the price continued to fall in a smaller downtrend. However, at the end of March, it bounced off the support 0.693, rose and broke through the trend line at 0.704. After that, she continued to grow. Now we can expect the price to touch the 0.731 price level and turn to the local support 0.710.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.