InvestMate 🥝 NZD/USD Breaks Out of Rising Channel 🥝

🥝 NZD/USD Breaks Out of Rising Channel

🥝 Nearest strong support zone: around fibo level of 0.236 rising wave

🥝 Nearest strong resistance zone: around recent highs

🥝 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Downtrend

🥝 Price action: NZD/USD broke out of the uptrend channel and retraced to the support zone, I still expect the declines to continue but it is worth keeping in the back of your mind the possibility of a rebound from the support zone, because so far it has been maintained and the size and dynamics of the candles do not promise a sharp breakout.

📉 The scenario I am playing is the continuation of the declines, taking into account the possibility of a pattern correction. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.

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