NZDUSD | Will The Price Face Resistance Near 0.6300 ?

NZDUSD | Will The Price Face Resistance Near 0.6300 ?

During the last two weeks the price in NZDUSD tried several times to hold on
the bullish steam.

As you can see after FOMC price made a very nice bullish movement.

The bullish movement now has a higher chance to happen during the coming week.


Technical Analysis:
Price is creating a very nice potential Triangle pattern.

The first resistance area that the price should face is 0.6300.
We don't know if the selling pressure will push the price lower again in order
to expand the pattern or if the price will move higher.

If the price will move now above the pattern that I have pointed out the bullish steam will
increase and it should increase more.

Thank you and Good Luck!