Price rallies and resumes the yesterday’s bullish candle. You can see that the price action has developed a Falling Wedge pattern, but this is far from being confirmed. NZD/USD climbed above the 50% retracement level and is almost to touch the upside line of the Falling Wedge pattern.
Only a breakout followed by a minor consolidation above the 50% Fibonacci level will validate it and a bullish momentum.
