NZD/USD Analysis
The NZD/USD also consolidates within a similar symmetrical broadening wedge pattern. The black trend line within the wedge shows the formation of bullish price action, as this is acting like the neckline of another inverted head and shoulders. Moreover, the emergence of an inverted head and shoulders pattern in January indicates that the market is building positive momentum around the long-term support area. A push above the $0.5750 level will likely trigger a strong move to the upside.
