The breakout of NZD/USD through the resistance line of a Inverse Head and Shoulders could be a sign of the road ahead. If this breakout persists, we expect the price of NZD/USD to test 0.6371 within the next 5 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, NZD/USD has finally broken through. Can we expect a bullish trend to follow?
