Currently, NZD/USD is trading at 0.6016. After trading in an uptrend from last week, price is now consolidating in the resistance and support wedges. If it breaks resistance level at 0.6044, then the pair may come into an uptrend and its small resistance at 0.6160 will be its first target.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat