Breaking the downtrend line is an attractive idea to buy up to the desired targets, considering the bad funds of the New Zealand dollar.
The upward trend is clearly visible. I expect buyers to gain strength from the bottom of the channel
Analysis based on waves. Waiting for wave 5 in the next 2 weeks
Dealing with a strong supply chain and the power of sellers
Pullback to the broken trend line is the idea of buyers to raise the price to the specified target
The breaking of the downward trend line makes buyers gain strength
Reaching the supply zone and being under price pressure are the reasons for the sellers to bring the price to the specified target
Dealing with the downtrend line and taking power of the sellers
Dealing with the trend line and signs of buyer fatigue can increase sales motivation in this area
Positioning on important short-term support can increase the power of buyers and raise the price to the desired target
The price reaching the trend line and collecting liquidity in this area is an attractive idea for buyers with a specified target
Simultaneous price reaching two important resistance areas can make the idea of selling with a specified target attractive
Leaving the short-term downward trend and making a higher floor than the previous floor is the reason to defend the purchase
Dealing with the downward trend line and taking the power of sellers who have the ability to bring the price to the specified target
Price reaching the important area that will motivate sales
The breaking of the upward trend line and its pullback cause the price to move towards the specified target
A fake breakout and a simultaneous encounter with the ceiling of the long-term channel are reasons for sellers to push the price to the specified target
Hitting the ceiling of the channel and lack of adequate strength to stabilize are reasons for sellers to move the price towards the specified target.