Sideways No More? The Key Levels That Could Ignite NZD/USD

The outlook for NZD/USD isn't strong at the moment, and it seems likely to continue trading sideways. However, this could change with a break above the December 2023 high of 0.6365. A breach of this level would confirm a breakout from the large wedge pattern, suggesting that prices could reach 0.6738. This wedge is formed by the trendlines connecting the December 2023 high with the August 2024 high and the October 2023 and August 2024 lows.

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