The breakout of NZD/USD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of NZD/USD to test 0.6669 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing support twice in the past, NZD/USD has finally broken through. Can we expect a bearish trend to follow?
December 31, 2019 10:16 pm
