NZDUSD : Rising Wedge Pattern

We wait for breakout to confirm clear direction.

Daily Chart Plan A & B

A. breakout down (69%) 

  • wait for lower trendline breakout to confirm the bearish signal 
  • break lower could target 0.6121

B. breakout up (31%) 

  • wait for retest to confirm the buy signal
  • buy target 0.670 


Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.