Contributors Technical Analysis NZD/USD Losing Momentum

NZD/USD Losing Momentum

NZD/USD is trading in the green right now, but seems undecided after the failure to reach and retest the third warning line (WL3) of the descending pitchfork. Technically is still expected to approach and reach the WL3, but only a valid breakout will confirm a further increase in the upcoming period towards the 0.7375 level.

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