NZD/USD has broken through a line of 0.5705 and suggests a possible movement to 0.5755 within the next 11 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
Big movement possible on NZD/USD after a breach of 0.5705
