NZD/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 6 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A quick move expected on NZD/USD as it starts approaching a support line of a Falling Wedge
