NZDUSD: is it worth expecting a return to the trend?
At the end of March, the price broke the growing trend and dropped below the 0.716 line. The trend has continued since March 2020. After breaking through the line, the price formed a small downward channel. However, it rose and broke through its border at the point 0.7093. After that, she continued to grow. Now we can expect that the price will touch the resistance line (the upper turn border) 0.732 (the level is immediately crossed). And then it will drop to 0.710 support.
Remember, there is no place for luck in trading - only strategy!
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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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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.