Chart of the Day NZDUSD

NZDUSD is breaking below the rising wedge

NZDUSD is rejected again by the 0.6700 level and this led to a fall into 0.6630 lower rising wedge line. We have a break below this level for a possible extension into the 0.6500. Only a daily close above 0.6670 would lead to a reversal higher. ARMAT trading system is pointing lower.
Note: look for the short trade opportunities with the stop loss above  0.6670

NZDUSD trading technical analysis

 

 

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