The breakout of NZDUSD through the 0.5693 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NZDUSD could test 0.5750 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
NZDUSD is currently testing a level of 0.5693. Will the breakout continue or will things reverse?
