Lingrid

NZDUSD FALLING to SUPPORT zone

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FOREXCOM:NZDUSD   Nyzeeländsk dollar/USA-dollar
Over the past week, the price movement was so strong that it was able to break through the line and the breakout level at once. However, now I have come to another line of resistance - existing since July 2020.
The price always falls after touching this resistance line


I think that the price has wasted all its strength after breaking the line and level. So the new line of resistance is pretty strong. So I expect it to be able to stop the rally and the price will reverse in the downtrend.

The target in this case is the level and line of support.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻

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