NZD/USD is moving towards a line of 0.6070 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 0.6070 within the next 15 hours.
If NZD/USD touches 0.6070 it may be time to take action.
