⚠️ NZDUSD consolidation to resistance / Fall
The price continues to move in a growing channel.
This channel has existed since March 2020.
At the end of March, the price bounced off the 0.694 support zone.
Over the month, it rose to the resistance of 0.725.
This is the January 2021 line.
The price touched it, started to fall, but worked out the correction.
I expect the price to move in several stages:
1 - growth to resistance 0.724.
2 - rebound, the beginning of the fall and a correction in the 0.713 area.
3 - fall to support.
The target is 0.705.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This channel has existed since March 2020.
At the end of March, the price bounced off the 0.694 support zone.
Over the month, it rose to the resistance of 0.725.
This is the January 2021 line.
The price touched it, started to fall, but worked out the correction.
I expect the price to move in several stages:
1 - growth to resistance 0.724.
2 - rebound, the beginning of the fall and a correction in the 0.713 area.
3 - fall to support.
The target is 0.705.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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