NZD/USD Technical Analysis – Broadening Wedge Pattern

nzd_1_newsNZD/USD shows strength and indicates further upside within the symmetrical broadening wedge

The 4-hour chart for NZD/USD shows that the pair has formed strong bullish price action and has broken the black trend lines. The pair is trading above this level and remains in a bullish stance. The chart displays three red arrows, confirming the inverted head and shoulders pattern and indicating a potential move toward the $0.58 resistance area.


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