NZDUSD is trading according to the time cycle (as you can see in the chart). NZDUSD is also trading in a channel pattern moreover it is trading in a synchronize pattern with the time cycle. At the beginning of time cycle, price is at high point A or at the resistance of channel pattern (as you can see in chart), in the middle of time cycle it is trading at lowest point B or the support line of Channel Pattern and at end of time cycle price is again moving towards the resistance line of channel pattern, which is point C. So, according to the pattern, we might see NZDUSD may move downside towards the Support of channel pattern.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.