NZDUSD break strong RESISTANCE zone and FALL

In May of this year, the price received a strong impetus for growth in a short period, rising to the resistance line 0.657. Subsequently, this line will become the determining one for the price movement.

Since May, the price has been moving in an upward trend, but its growth is regularly stopped by the resistance line. The price managed to break through this line only at the end of November, when it filled above the 0.701 point from the support line.

However, during the growth, the price touched the resistance line 0.709. This is a very strong line that has existed on the chart since 2015 and has stopped growth more than once. Therefore, it is not surprising that after the touchdown the price dropped and returned to the smaller, May resistance line.

Now both of these lines have created a strong resistance zone for the price and I do not think that the price will be able to break it a second time. Therefore, I now expect the price to fall from the zone to the support line. And so I am waiting for the final target of 0.677.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻