DeGRAM

NZDUSD comeback to channel line

Short
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
The price has reached the transshipment target of my previous forecast.
Despite a small breakdown, the price came to the resistance line 0.712.
The line is strong, has existed since 2015.
The larger TF shows that the price has previously risen above the line by several bars.
There is no reason to expect a major breakdown.
Now, after the price touched the resistance, rose above it and came back, I expect a fall.
In my opinion, the price will return to the ascending channel (growing since June).
And from the 0.712 line the price will fall to the support line (the upper channel line).
The target is 0.700.

-------------------------
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
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.