Ransquawk

Interesting similarities can be seen on the daily chart of the EUR/NZD pair. Recently, the price has been falling, but the strength of supply, or the dynamics of declines, does not make much of an impression. Currently, we have a third touch of the bottom edge, a well-respected growth channel. It was almost identical in the middle of last year, when demand took a lot of time to develop upward movement. We’ll see how it will be this time. In the near future, from the technical point of view I should favor the demand side.

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Ransquawk