NZD/USD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 0.6196 within the next 10 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Resistance line breached by NZD/USD. This price has been tested at least twice before.
