NZDUSD return to support zone

12 янв. 2021 г.

The price made an important breakout in the area of the strong support zone (at the moment of breakout - resistance).

The zone is formed by three lines at once: 2015, March 2020 and May 2020.
Therefore, the breakout of this zone is important for the price movement.
The price broke through the upper line of the 0.704 zone.
Then she began to grow twice and rolled back to her.
Having reached its monthly maximum of 0.730, the price began to fall again.
I expect the price to continue falling and return to the support zone (at the intersection of the lines).
The target is 0.702.

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