The breakout of NZD/USD through the 0.6762 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NZD/USD could test 0.6748 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 0.6762 numerous times, NZD/USD has finally broken through. Can we expect a bearish trend to follow?
