NZD/USD is trading in the green right now, but failed to reach the 0.7257 Friday’s high. Has managed to come back above the red downtrend and above the minor uptrend line. Looks like that the price action is developing a Falling Wedge pattern, but this is far from being confirmed. The false breakdown below the downtrend and the uptrend has invalidated a potential Head and Shoulders for now.
