NZDUSD: false breakout failed to break the trend

After the price broke the uptrend last week, it touched the 0.717 price level and eventually returned to growth. The price movement follows the price levels created in the ascending channel in December 2020. At this moment, the price is again within the trend at its upper border of 0.733. She started working on the correction. It can be expected that the price will fall to the bottom of the trend, then bounce off and rise to the 0.738 position.
SL - 0.725.

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