NZD/USD Forecast. The US dollar continues to trade lower

NZD/USD Technical Analysis – Resistance

The 4-hour chart for NZD/USD shows bullish price action, but the pair has hit resistance at the ascending broadening wedge pattern around the $0.58 area. The pair has started to consolidate at this level after reaching resistance. A break above $0.5830 will indicate a continued upward trend in NZD/USD.