NZDUSD 12 03 2021
NZDUSD 12 03 2021
LAST WEEK the price showed very strong fluctuations that led to several false breakouts. The last of them - the breakdown of the support line occurred in early March. The price dropped below the 0.717 line, but a few days later broke it again during the growth. After rising above the line, the price rolled back to it, having worked out a good correction.
This support trend line was formed in June 2020. In November, the price broke through it during the growth and began to use it as a support. Since then, the only breakout has been a false one in March. I expect that after fixing on the support line, the price will start to rise and come to the resistance line of 0.734. This will be our goal.
LAST WEEK the price showed very strong fluctuations that led to several false breakouts. The last of them - the breakdown of the support line occurred in early March. The price dropped below the 0.717 line, but a few days later broke it again during the growth. After rising above the line, the price rolled back to it, having worked out a good correction.
This support trend line was formed in June 2020. In November, the price broke through it during the growth and began to use it as a support. Since then, the only breakout has been a false one in March. I expect that after fixing on the support line, the price will start to rise and come to the resistance line of 0.734. This will be our goal.
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