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A quick move expected on NZD/USD as it starts approaching a resistance line of a Channel Down

NZD/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 2 days. 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.

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We expect SB to trend upwards with a 66.67% chance.

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A final push expected on US30 as it starts approaching a price line of 26408.0000.

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