NZD/USD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

Should we expect a breakout or a rebound on NZD/USD?
NZD/USD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 19 hours.

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