UnknownUnicorn15614419

NZDUSD: break the second trend in a row - growth or correction?

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
At the end of March, the price broke through the resistance at 0.716 and thus left the main uptrend, which had been continuing since April 2020. After that, the price continued to fall in a smaller downtrend. However, at the end of March, it bounced off the support 0.693, rose and broke through the trend line at 0.704. After that, she continued to grow. Now we can expect the price to touch the 0.731 price level and turn to the local support 0.710.

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