UnknownUnicorn15614419

NZDUSD: breakout of the trend and the beginning of the fall

Kort
FX:NZDUSD   Nyzeeländsk dollar/USA-dollar
In mid-March, the price broke through the resistance at 0.717 and thus left the main uptrend that had been in effect since March 2020. During the fall, the price formed a small almost vertical descending channel, and now we can expect that it will continue falling in this channel and eventually go down to the support zone of 0.678.
SL - 0.712

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