Japanese NZD: is trading inside a falling channel on the H4 chart and pressed negatively by the bounce from 69.60 resistance. We expect the continuation of the decline or correction to the same level, and then a downward journey to the lower leg, as a medium-term target. The condition for the downside trend to continue is to maintain the negative trend, which is the upper leg of the descending channel. Traders are advised to maintain a suitable stop loss for all of their trades
Japanese NZD: is trading inside a falling channel on the H4 chart and pressed negatively by the bounce from 69.60 resistance. We expect the continuation of the decline or correction to the same level, and then a downward journey to the lower leg, as a medium-term target. The condition for the downside trend to continue is to maintain the negative trend, which is the upper leg of the descending channel. Traders are advised to maintain a suitable stop loss for all of their trades