NZDUSD broke support/ Next - fall
The last half of the year the price has been growing.
Globally, it was a correction to a strong fall in early 2020.
In November, the price broke through the 0.699 support line.
Then it rose to the next line (0.717) and broke it the same way.
This is a strong line, the first touch of which was in 2010.
All line breakouts since 2015 have been false.
I expect the price to fall after a breakout of the 0.717 support line.
To begin with, it will break through the lines in the fall.
Then, it will correct to it around 0.716.
At the end it will come to the support line.
The target is 0.709.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Globally, it was a correction to a strong fall in early 2020.
In November, the price broke through the 0.699 support line.
Then it rose to the next line (0.717) and broke it the same way.
This is a strong line, the first touch of which was in 2010.
All line breakouts since 2015 have been false.
I expect the price to fall after a breakout of the 0.717 support line.
To begin with, it will break through the lines in the fall.
Then, it will correct to it around 0.716.
At the end it will come to the support line.
The target is 0.709.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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