NZD/USD has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we expect the price of NZD/USD to test 0.6330 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Breach of resistance could mean a start of a bullish trend on NZD/USD
