NZD/USD Trapped Within A Chart Pattern!
The NZD/USD pair dropped within a minor flag, a down channel, after registering an amazing rally. The current chart pattern could represent a continuation one. An upside valid breakout from this formation could signal that NZD/USD could resume its growth.
Failing to jump above the minor downtrend line could signal a new potential decline towards the channel's downside line, which stands as support.
NZD/USD Trading Conclusion!
Passing above the downtrend line and above 0.7187 Tuesday's high could validate potential upside continuation.The material has been provided by InstaForex Company - www.instaforex.com