NZDUSD Wedge
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.