NZDUSD → False support breakdown. Waiting for the price reaction
NZDUSD makes a false break of the ascending price channel. If the retest is successful and the price consolidates above the support line, there will be confidence in future price growth.
The trend may continue if the bulls keep the price inside the ascending channel. In this case, the fundamental factors will accompany the price.
The moving averages are support (there was also a false break-up of the SMA)
Strong support: the lower boundary of the ascending channel, level 0.627
Strong resistance level: 0.6325, 0.6389
I expect consolidation of the price above the channel support with the subsequent growth at 0.6400 and up to 0.6500.
Sincerely R. Linda!
The trend may continue if the bulls keep the price inside the ascending channel. In this case, the fundamental factors will accompany the price.
The moving averages are support (there was also a false break-up of the SMA)
Strong support: the lower boundary of the ascending channel, level 0.627
Strong resistance level: 0.6325, 0.6389
I expect consolidation of the price above the channel support with the subsequent growth at 0.6400 and up to 0.6500.
Sincerely R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.