NZD/USD Analysis – Bullish Consolidation

news_22_feb_nzd_usd_2NZD/USD remains volatile after the US inflation data

The NZD/USD pair shows similar price behavior to the AUD/USD. The pair is consolidating within the symmetrical broadening wedge pattern and remains above the long-term support zone. A break above the red trendline at $0.5680 may push the pair to $0.5760, and a break above $0.5760 may initiate a strong move higher.

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