NZDUSD, Daily
The asset is in a descending channel. The price is moving from the border to the border. Now, the price has approached the resistance level of 0.5948 and the upper boundary of the channel.
- If the asset manages to break through the resistance level, the growth to 0.6023 will start;
- However, if the price fails to break the resistance level, the movement inside the channel will continue, and the price will decline to 0.5850.
