Past performance is not an indicator of future results.
NZDUSD is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NZDUSD continues in its current trajectory, we can expect it to reach 0.6726 within the next 12 hours.
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