I expect a drop to support
NZDUSD is moving in an ascending channel on the daily chart and now the price has bounced off the resistance line and is heading towards support. I expect the price to reach support, but we must not forget about the strength of the uptrend, which can reverse the price at any moment. Trade at your own risk.
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.