NZDUSD returned to trend and continues to FALL

The last few months the price has been adhering to a fairly even upward movement, it is very good if you remember what a strong growth spurt was in November last year. After such a strong growth, the same strong collapse could be expected, but the price continues to grow and this is a good sign - it means the trend is very strong.

Now the trend is based on the support line, which was formed in March 2020. And despite small false breakouts, it does not go below this line. Another directional trend line is the minor resistance line, which appeared only in December. The price will regularly break through this line, and at the beginning of the year even left the trend for some time, but returned to its limits in mid-January.

Another small resistance line formed at the tops of this breakout. And now, crossing these lines give a strong resistance at the 0.725 point. The price touched this point recently and visually as it has already reversed in the fall. Therefore, I expect the price to fall from the resistance zone to the support line of 0.716. This will be our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻