UnknownUnicorn9344165

NZDUSD Long-term idea with Gann fans

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FX:NZDUSD   Nyzeeländsk dollar/USA-dollar
These gann fans go back to 2014, we see the loss at the end of 2021 former support line, freely according to the law of attraction we would accordingly land on the nearest one. However, this may take until 2023 and represent a 5% loss against the USD.

Currently we are at a horizontal support line, which results from the crossings of the fans, this could, as of now, slow down the fall somewhat, but probably not stop it.


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