NZDUSD: Classic Range Trading 🇳🇿🇺🇸

Long

New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)

OANDA:NZDUSD New Zealand Dollar / U.S. Dollar

Parallel Channel Rectangle Wedge NZDUSD DJ FXCM Index USD dollar newzealanddollar NZD Forex forecast

parallelchannel rectangle wedgepattern nzdusd usdollar usd dollar newzealanddollar nzd forex forecast

snapshot

NZDUSD is trading within a wide intraday horizontal range.

After the test of its support, the price bounced and violated a resistance line
of a falling wedge pattern.

To me, it is an important bullish signal.
We may expect a bullish movement to the resistance of the range now.

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