Technical Analysis

NZD/USD Falling Wedge?


The NZD/USD drops like a rock and should reach the 0.7053 static support. Remains to see what will happen in the upcoming days because a USDX’s drop will force the pair to increase again. Price could move in range on the short term, I’ve drawn a Falling Wedge pattern, but this is far from being confirmed. The behavior could change if the rate will start to make higher lows and could signal another leg higher.

Author: MultiBank Exchange Group Website:
MultiBank Exchange Group
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