NZDUSD, H2
On the H2, NZDUSD formed a falling wedge pattern. Price has reached the upper trend line and MA50, with Momentum rising above 100.0, but two possibilities are possible:
- A break of the trendline above 0.5850 and the MA50 will start to rise to 0.5920;
- A bounce off the trendline will drop NZDUSD back to 0.5810;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
