NZDUSD: return to the channel and growth in the channel
Since February last year, the price has formed an ascending channel. At the same time, it quite often broke through the boundaries of this channel, but each time it came back. During the rise in the channel, the price was able to break through the 0.699 support line. This is a very strong line that has existed since 2013. Now it acts as a price support. At the beginning of last week, the price broke through the channel border at 0.725 and dropped to support at 0.696. So now we can expect a new rise to the resistance at 0.713.
SL - 0.685.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.685.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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