NZDUSD → Consolidation within the correction

3月28日

NZDUSD is forming a local correction on the background of the uptrend. The dollar has been consolidating and strengthening for the last week, which generally creates pressure on the forex market

NZDUSD after a false break of the trend resistance, which also coincided with the stopping of the strong decline of the dollar, entered the correction phase. Locally, it is a downtrend, followed by consolidation, which in general forms a flag - a figure of continuation of the movement.
The chart reveals strong levels that can be paid attention to. The dollar may continue its growth due to the US policy, which generally has a negative impact on the market.
The price exit from the current consolidation may be accompanied by a strong impulse. Emphasis on 0.575 - 0.571.

Resistance levels: 0.57426, 0.57674
Support levels: 0.571, 0.5684

After stopping at 0.571, the price is not pulling back, but forming consolidation on the background of the local downtrend. Most likely a big player lures the crowd to get to the imbalance zone or trend support at their expense.

Regards R. Linda!

4月2日

交易進行

Target reached!