The New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.