Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on NZDUSD

Either a rebound or a breakout imminent on NZDUSD

Either a rebound or a breakout imminent on NZDUSD post thumbnail image

Emerging Triangle detected on NZDUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.60931 and it is expected to move to 0.6079.

Supported by Downward sloping Moving Average

Target: 0.6079 Entry: 0.6093 Stop: 0.6135

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