Currently, NZD/USD is trading at 0.6016. After trading in an uptrend from last week, price is now consolidating in the resistance and support wedges . If it breaks resistance level at 0.6044, then the pair may come into an uptrend and its small resistance at 0.6160 will be its first target.

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Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.