Will NZDUSD have enough momentum to break support?
A Channel Up pattern was identified on NZDUSD at 0.63192, creating an expectation that it may move to the support line at 0.6293. It may break through that line and continue the bearish trend or it may reverse from that line.
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.