Analysis for beginners: NZDUSD – testing the support level

The outbreak out of the current triangle showed the way to the 0,7319.

There were very strong säljerbjudande, which led to an effective recovery from this level. The price continues to fall. The nearest support is both lower and upper limit as shown in the diagram below.

We can expect a turning back to 0,7319. If björnmarknaden is still intact, the next goal will be on 0,7187. If the level is broken, we can expect further declines.

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