NZDUSD was identified at around 0.59927 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.5969 level.
Supported by RSI above 60
Target: 0.5969 Entry: 0.5993 Stop: 0.6009
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