RLinda ! NZDUSD-> I expect a drop from resistance

12 Okt 2022

NZDUSD The currency pair is succumbing to the dominance of a strong bear market. The price continues to update both local and global lows.

On the local chart, we see a change of trend from the upward correction, which took place in the format of correction, the price stopped at the limit zone of 0.5806, after which we see a change of trend and the formation of the price channel, which coincides with the direction of the global

I assume that after the pullback from the support at 0.5565 to the resistance zone, we may see a fall in the price trend.

• Short-term target - support at 0.5565.
  
• Medium-term target - liquidity zone 0.5469.
  

Regards to R. Linda!