Big movement expected on NZD/USD after a breach of 0.6569

NZD/USD has broken through a line of 0.6569 and suggests a possible movement to 0.6503 within the next 6 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 40 days.