NZDUSD is heading towards 0.5888 and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
NZDUSD likely to test 0.5888 in the near future. Where to next?
