themarketzone

Being pressed to the bottom of a channel - Breakdown ahead?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
2 months ago
NZDUSD             is being pressed by sellers to the bottom of a rising channel.
The 50 days MA line is what stands in NZDUSD's way to continue lower towards 0.7.
Buyers can look to buy above 0.73.
Sellers can look to sell the breakdown.

2 months ago
Comment: Approaching the support zone
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