HomeContributorsTechnical AnalysisNZD/USD Falling Wedge Validated

NZD/USD Falling Wedge Validated

NZD/USD rallied after the retest of the upside line of the Falling Wedge pattern and now reached the up sloping red line. Has dropped below the 50% retracement level, but the sellers weren’t able to keep it there.

I’ve said in the previous reports that a minor consolidation here will send it towards the third warning line (WL3).

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
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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