NZDUSD will fall from strong resistance

11 ก.พ. 2021

In September 2019, the price hit a growing channel.
During the growth in the channel, it broke through the strong support level of 0.678.
Then she continued to grow.
And in the end, the price came to resistance.

This is a very strong line that appeared in 2013.
And the only serious breakdown happened 6 years ago - in 2015.
During the growing channel, the price came to a strong resistance at 0.724.
The price moves along the line for several days.
But this is the strong line of 2015 and I expect the price to fall towards the support level.
The target is 0.678.

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