As the chart says, the NZDUSD price was in a descending channel for about a month. The channel was created in June 22 and today it is almost completed. The dynamic resistance line is almost broken and a pullback is expected in the next few hours. The RSI indicator is bullish. MACD is showing Bullish wave on going, MACD bars are turning dark green MACD, and MACD line has smoothly broke above the signal line. Regarding all analysis, there is a long position opportunity round 0.61800 zone.

• There is resistance at 0.61800 followed by resistance at 0.62700 and 0.63800
• There is support at 0.61500 below, there is 0.61400 and 0.61300.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruacdtion for trading.

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