NZD/USD Continuation Pattern!
The NZD/USD pair escaped from the minor flag formation, from the down channel pattern announced potential upside continuation. In the short term, the price has found strong resistance, supply, at the 0.7200 psychological level and now it has slipped lower to test and retest the broken minor downtrend line.
As long as it stays above the downtrend line and above 0.7159 historical high, the NZD/USD pair could still increase.
NZD/USD Trading Conclusion!
NZD/USD could activate an important upwards movement if the price jumps above 0.7207 higher high. The upside continuation could be invalidated if the rate drops below the 0.7159 level.
