NZDUSD ! Price in range. Falling to support😈

٢٧ يوليو ٢٠٢٢

The NZDUSD continues to trade in a global downtrend, but a correction was formed on the chart in which the price showed a local rising trend.

On the chart I highlighted a range and a channel, two key patterns. The price breaks through the channel and on the retest from the bottom it consolidates under it, at that moment the price consolidates in a short zone relative to the range.

I assume that NZDUSD may fall after consolidation below the level of 0.62457 and continue falling. The short-term target is the support at 0.6149.

Regards to R. Linda!