NZDUSD 1h Ascending Wedge Break *** SHORT ***
NZDUSD has broken the most recent rising wedge from 1/19, and is below the confluence of SMAs on all timeframes, including the daily.
Selling at .6608 up to .6630. Stop if the pattern is invalidated, and the price breaks through the bottom line, most likely at around .6680. Targeting the previous low and another long term support at .6270 by around April 1st.
Selling at .6608 up to .6630. Stop if the pattern is invalidated, and the price breaks through the bottom line, most likely at around .6680. Targeting the previous low and another long term support at .6270 by around April 1st.