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NZD/USD – approaching a price line that has been previously tested numerous times in the past

NZD/USD is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 5 days and may test it again within the next 16 hours.

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JPN225 is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

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NZD/USD Target Level: 0.6621

NZD/USD Target Level: 0.6621

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