NZDUSD 18 03 2021
In November last year, the price of the currency pair showed good growth and broke through the 0.696 support line, thereby returning to the uptrend, the price has been moving exactly between these lines, only occasionally making false breakouts. The other day the price bounced off the 0.717 support line and jumped up a lot. Now it is in the process of a slight correction, but I still expect that the first thing the price will complete the growth and touch the resistance line 0.734. And then it will turn around and dodge to the support line. So target for the support line is 0.717.
In November last year, the price of the currency pair showed good growth and broke through the 0.696 support line, thereby returning to the uptrend, the price has been moving exactly between these lines, only occasionally making false breakouts. The other day the price bounced off the 0.717 support line and jumped up a lot. Now it is in the process of a slight correction, but I still expect that the first thing the price will complete the growth and touch the resistance line 0.734. And then it will turn around and dodge to the support line. So target for the support line is 0.717.
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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.