NZDUSD for the first time after a strong fall from a false breakdown of 0.6974 stops at 0.6208, forms a pullback and thus marks the boundaries of the sideways range for us. Support is being tested and confirms the existence of a liquidity zone.
Recently, on a retest, the price tried to break through this level, but due to a strong support zone, the price only made a false breakout.
I suppose that after fixing the price above the support level, we can see a recovery. Since the price is in a flat, here the forces of the players are neutral, it is acceptable to both buy and sell, regardless of the trend. Short-term target - resistance 0.6283, and medium-term - resistance zone 0.636
Sincerely, R. Linda!
Recently, on a retest, the price tried to break through this level, but due to a strong support zone, the price only made a false breakout.
I suppose that after fixing the price above the support level, we can see a recovery. Since the price is in a flat, here the forces of the players are neutral, it is acceptable to both buy and sell, regardless of the trend. Short-term target - resistance 0.6283, and medium-term - resistance zone 0.636
Sincerely, R. Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com