NZD/USD Falling Wedge?

The NZD/USD has developed a Falling Wedge pattern, which could be validated very soon if the rate will climb above the 50% Fibonacci line again. Price will drop much deeper if will stay under the 50% Fibonacci line. The next downside target will be at the 61.8% retracement level and lower at the fifth warning line (wl5).

MultiBank Exchange Group
MultiBank Exchange Group
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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