Big movement expected on NZD/USD after a breach of 0.6612

NZD/USD has broken through a line of 0.6612 and suggests a possible movement to 0.6589 within the next 5 hours. 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 22 hours.