Sun, Feb 05, 2023 @ 16:48 GMT
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NZD/USD Falling Wedge Invalidated

The price increased in the first part of the day and tried to close the morning gap down, but failed to stay near 0.7084 today’s high and now could reach the 0.7053 static support. I’ve drawn a potential Falling Wedge pattern, but the rate has broken below the downside line of this pattern.

A valid breakdown below the horizontal obstacle will confirm a further drop in the upcoming period, the next downside target will be at the WL2.

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