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Either a rebound or a breakout imminent on NZD/USD

NZD/USD is heading towards a line of 0.6841. If this movement continues, the price of NZD/USD could test 0.6841 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

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We expect a $136.492 movement on BO within 12 hours following the event release at 12 Apr 12:30.

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10 year US Treasury Note JUNE 2022 has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 6 days.

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