DeGRAM

NZDUSD fall after fix on resistance line

Short
FX:NZDUSD   Dolar Nowozelandzki/Dolar USA
After a strong growth in early November (supported by the support line), the price came to the strong resistance line of 0.602.
The price does not have enough resources to break through it, since everything was devoted to strong growth.
However, she still has not fallen and moves along the line, minimally leaving it.
This movement has continued since the beginning of last week.
It is important that this resistance line has existed since 2019.
And since the spring of 2020, the price has never managed to seriously break it.
I think that it will not succeed even now (remember the strong growth before touching).
Therefore, I expect that, despite the breakdown from the resistance line, the price will fall to a strong support zone around 0.671.

--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.