DeGRAM

DeGRAM | NZDUSD resistance retest. Breakdown?

Long
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
The instrument is in an uptrend. At the moment, it moves in an upward price channel. We came to the resistance 0.7315 the first time with this channel, we did not break through the line, but the currency pair enters the retest of the 0.7315 level without updating the lows and breaking the picture.
I expect the price movement to continue, resistance breakdown and achievement of the global target - resistance 0.74328

If we pay attention to the global picture of the currency pair, then we see attempts to break through, in which the resistance line temporarily changed to support, but not for a long time. The players drove the instrument back into the global ascending channel. We continue to move in it.


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