NZDUSD to sustain down wedge breakout due to truce in trade war

9 Eyl 2019

New Zealand dollar is heading towards major resistance 0.65000 against the US dollar following a respite in US-Sino trade tensions. Technically, the pair has sustained the breakout of a downward wedge pattern in a daily time frame chart and would face immediate resistance level at 0.64829. The increase in selling pressure will force it to climb until the second resistance 0.65902.