The NZDUSD has been trading within a channel since mid-March and has now reached the upper edge of the channel. It has shown signs of reversal towards the downside. I expect the price to respond and fall to around 0.623, where it will meet the 100-period moving average on the 4-hour timeframe and an ascending monthly trendline
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Let me know your thoughts in the comments, and show your support by liking the idea.
Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!