NZD/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 13 hours. 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 resistance line of a Channel Down
