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NZDUSD: Trading Plan Ahead of CPI 🇳🇿đŸ‡ș🇾

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NyzeelĂ€ndsk dollar/USA-dollar (OANDA:NZDUSD)  
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OANDA:NZDUSD   NyzeelĂ€ndsk dollar/USA-dollar
Wedge Trend Lines Support and Resistance NZDUSD newzealanddollar NZD USD trading Technical Analysis trader forexsignals Contains image
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wedgepattern trendline supportandresistance nzdusd newzealanddollar nzd usd trading technicalanalysis trader forexsignals containsimage
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NZDUSD is currently approaching a strong intraday/daily horizontal demand cluster.

After a CPI release, pay attention to an expanding wedge pattern on a 4H time frame.
Its resistance breakout - 4h candle close above - will give you a strong bullish confirmation.

A bullish movement will be anticipated at least to 0.5899

Alternatively, a bearish violation of a blue support will invalidate the setup.

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