Either a rebound or a breakout imminent on NZDUSD

Past performance is not an indicator of future results.
NZDUSD is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of NZDUSD to test 0.6870 within the next 23 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.