NZDCAD FALLING to support level

Last time in this forecast, we talked about the rise in price from the support line to the resistance line. Let me remind you: in July, the price grew for a long time, after which it changed its trend to a downtrend and fell. This was repeated several times. Then, after a long rise, the price approached the resistance line, turned around and began to fall. The price came to the support line and touched it.

After that, the price rose to the resistance line, but over the past few weeks it was able to break through it and climbed even higher - this is a very serious jump.

Now the price has come to the resistance line, which formed on the chart in December of this year - 0.912.



The line is strong and has already reversed the price several times. But now we also see that the price starts to fall. Therefore, even now I expect it to fall to the support level 0.891.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻