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.

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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