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NZDUSD break support and fall

Giá xuống
FX:NZDUSD   Đô la New Zealand/Đô la Mỹ
After the growth and breaking through the support line in the 0.624 area, which the price made in June 2020, the price got into an upward channel.
The channel borders are the support line since April of this year and the support line (before the breakout - reversal) from June.
In November, the price broke through the channel at 0.698 and rose.
Growth stopped at the resistance line 0.714.
This is a strong line since 2015.
The price touched the support line, bounced off it.
But it will not be able to break through the resistance line and grow.
I expect that after the price has consolidated in the resistance zone of 0.714, it:
- will break through the support line and consolidate towards it around 0.706.
- will fall to the next support line.
The target is 0.686.

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