The breakout of NZD/USD through the 0.6258 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NZD/USD could test 0.6208 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
If you’re long NZD/USD you should be aware that 0.6258 has just been breached – a level tested 6 time in the past
