RISE CAN REVERSE

20 בנוב׳ 2020

The rise started last March (2020) has impacted both on a very strong fundamental that has existed since 2016 (first support and then transformed into resistance), and on a bearish trendline also originated for three years now. At this point, an important reversal in medium-long term is expected. Note that this feature analyzed on NZDUSD has several identical correlations on all other major pairs formed alongside NZD. A possible breakout to the upside would therefore affect the Australian currency on all other currencies, with a strength that should be consequently and seriously motivated on the world economic landscape.