RLinda ! NZDUSD-> Resistance breakthrough. Preparing for growth

Mar 1, 2023

Yesterday, the forex market formed a surge in volumes on the background of fundamental factors. Rather violent and unpredictable reaction broke the key scenarios.

The price breaks through the downward resistance and leaves the price channel. At the moment the price is in the range between the upside resistance and support at 0.6216, before further trend continuation the price may form a correction after testing the resistance. At the moment it is too early to speak about a change in the trend, we need to wait for confirmation on the chart.

I expect the continuation of growth after a small pullback from the resistance area. Short-term target is the resistance area at 0.6289, medium-term target is the liquidity zone at 0.6359.

Regards R.Linda!

Mar 1, 2023

Trade active

Mar 3, 2023

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