On this daily chart of NZDUSD , I am seeing a wedge pattern for this pair. So far, it is creating higher lows in the lower time frames (30 minutes,1 and 4 hour). As long as it holds this area around 0.7010 where my green rectangle is, I would be leaning more towards it breaking out. However, if it breaks below that, then there's a likelihood of NZDUSD coming down to re-test the lows around 0.6900.
We'll see next week and good luck trading!
We'll see next week and good luck trading!
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