NZD/USD is heading towards a line of 0.6237. If this movement continues, the price of NZD/USD could test 0.6237 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
NZD/USD is approaching 0.6237. We expect either a breakout through this line, or a rebound.
