NZD/USD Technical AnalysisNZD/USD Technical Analysis:
A Falling Wedge pattern has formed on the NZD/USD chart, indicating a potential reversal in the market. Here are the key points:
1. Wedge support: 0.58346
2. Wedge resistance: 0.60500
3. Target: 0.60940
The Falling Wedge pattern suggests that the recent downtrend may be losing momentum, and a breakout above the wedge resistance could confirm a reversal.
Buying Opportunity:
A break above the wedge resistance at 0.60500 could trigger a buying opportunity, with a target of 0.60940.
Stay tuned for further updates and analysis on the NZD/USD market!"
Best wishes Tom 😎