Trade NZDUSD as US-China Talks Shake the Market

The market continues to move within the bullish green channel for a long time. Not so long ago, we saw a rebound from the upper wall of this channel, after which the price fell into its central zone.

It is possible that in the near future we will see the growth of the market towards the resistance level of 0.668, which is on the upper bound of the green channel.

However, if the bears begin to dominate the market, we could expect a break of the moving average near the support level of 0.659. In this case, the decline may continue to the support area of 0.649, as indicated on the chart.