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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! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
4
NZDJPY: pattern or correction?At the end of March, the price bounced off the resistance of 78.87, which has existed since November 2020. During the fall in the price and its corrections from the support line in October 2020, an additional resistance line was also formed - in March 2021. The price touched it three times. After the last touch at 77.98, the price began to fall. Now we can expect that the fall will turn into a correction, the price will break the line and rise to the resistance 78.63. And then it drops to support 77.37. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
4
AUDCAD: did the price break another trend?At the beginning of the month, the price broke the downtrend at point 0.956 and ended up in the zone between two strong levels: support at 0.953 and resistance at 0.962. However, at the beginning of this week, the price was able to rise again and break through the level of 0.962. Then it came to the 0.969 price zone - at the top of the price in the channel. We can expect that from this point the price will first return to the level of 0.962. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
2