NZD/USD breached the dominant channel
|As expected, the NZD/USD pair breached the upper boundary of the dominant channel.
After hitting the 50.00% Fibonacci retracement level, the currency exchange rate is gradually moving back south to test the lower boundary of the ascending channel. This retracement can be measured by connecting the low at 0.7178 and the high at 0.7421.
For the near future, the currency pair is likely to remain bullish. Meanwhile, technical indicators suggest mixed signals.
Interested in EUR/JPY technicals? Check out the key levels
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