Cabana Capitals Blog Technical Analysis NZDUSD – support line broken at 2024-08-22T03:00:00.000Z

NZDUSD – support line broken at 2024-08-22T03:00:00.000Z

NZDUSD – support line broken at 2024-08-22T03:00:00.000Z post thumbnail image

NZDUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 0.6089 within the next 2 days.

Target: 0.6089 Entry: 0.6154 Stop: 0.6179

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post