Since last week, NZDUSD has broken above a 2-week falling trendline thus ending a bearish structure. A bullish bat was formed after the breakout and as the price pulled back.
NZDUSD broke out of a bearish structure as it broke above a 2-week falling trendline.This morning, the price continued to climb from a minor support at 0.6610 but was obviously…
While NZDUSD retraced expectedly before rising further, the current movement suggested further retracement before the rebound. W
NZDUSD has been on the rise since it found support and rebounded off from a 4 year low around 0.6200. In the process of the rebound, the price has broken a few critical resistance levels such as the 8-month falling trendline.