NZDUSD has broken through a line of 0.5733 and suggests a possible movement to 0.5806 within the next 2 days. 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 24 days.
It’s time to make a decision on NZDUSD – its recent breach of 0.5733 could be a sign of a new trend to follow.
