NZDUSD – lack of certainty for further movement direction

Since half of the year NZDUSD has moved in consolidation between 0.6860 – 0.6250. In mid-January supply tested support at region 0.6400, which so far has been defended. Direction of further price movement currently remains an open question. At time-frame H1 you can see triangle pattern, when it will be broken the direction of movement will be set. If supply breaks below support 0.6400 price will fall to 0.6250. Permanent break above 0.6500 level allows upward movement to nearest resistances: 0.6690, 0.6860.

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Time-frame H1

Time-frame D1