NZD/USD is moving towards a line of 0.6115 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NZD/USD continues in its current trajectory, we may see it move towards 0.6115 within the next 5 days.
After testing 0.6115 numerous times, NZD/USD is once again approaching this price point. Can we expect a bullish trend to follow?
