Market analysis
In the NZDUSD - 1 Hr time frame i found 3 channels..
Price touches 0.69731 which is the RESISTANCE of CHANNEL -3 and reverse from there to the immediate target of 0.68800 , and Price BREAKS the SUPPORTS 0.69227 of CHANNEL -1 so price may fall down from there to the NEAREST support of 0.68800, and we have the confluence with CHANNEL -2 support which may be the 0.68800
So the price will touch the 0.68800 and then take a upside movement....
In the NZDUSD - 1 Hr time frame i found 3 channels..
Price touches 0.69731 which is the RESISTANCE of CHANNEL -3 and reverse from there to the immediate target of 0.68800 , and Price BREAKS the SUPPORTS 0.69227 of CHANNEL -1 so price may fall down from there to the NEAREST support of 0.68800, and we have the confluence with CHANNEL -2 support which may be the 0.68800
So the price will touch the 0.68800 and then take a upside movement....