NZDUSD caught in a Wedge? 16.06.2021
> Well it seems that a downward wedge has been formed. Looking at the 4 Hour timeframe chart looks promising. 0.71017 is the strong support level for the pair. Breaking that level downwards will probably dive to 0.7070 for the Wedge pattern to be completed.
> Note that a resistance level above can break as well, it is not yet clear though what level that is yet until the price forms it. In that case, the pair will move upwards at least 160 pips with a week I estimate.
> Note that a resistance level above can break as well, it is not yet clear though what level that is yet until the price forms it. In that case, the pair will move upwards at least 160 pips with a week I estimate.
