NZD/USD is heading towards 0.6135 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
NZD/USD is approaching 0.6135. We expect either a breakout through this line, or a rebound.
