As we can see, the price has been fluctuating for a while. Although we do not see any specific trend of the fluctuating movement, we can fit it into a wedge .
The Bollinger Bands were not changed too much during the wedge , however, it’s not broad, which means the price could easily breakout.
The MACD just went through a bullish cross, so the price could go up after the cross. Also, the RSI shows a bullish trend too.
The falling wedge is a bullish signal. Combining all the signals together, the price could go up soon.


READ  i am expecting a bullish move from this point on the nzd usd.. for OANDA:NZDUSD by Gdirectorfx