NZDUSD New game plan
What looked like a squeeze on the daily to the downside, now looks like a falling wedge, which would bring prices to the upside. We also have a lot of hidden divergence indicating moves upward. Lastly, we see a breach of a minor trendline within the wedge. I see this breaking up towards the top of the wedge, and then breaking out of that to hit a significant resistance level, at which point we'll re evaluate.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.