The breakout of NZD/USD through the support line of a Head and Shoulders could be a sign of the road ahead. If this breakout persists, we expect the price of NZD/USD to test 0.6358 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, NZD/USD has finally broken through. Can we expect a bearish trend to follow?
