NZD/USD Price Forecast: Breaks above descending channel pattern near 14-day EMA at 0.6000 – FXStreet

The NZD/USD price has broken above a descending channel pattern near the 14-day Exponential Moving Average (EMA) at 0.6000. This breakout suggests potential bullish momentum in the pair. The NZD/USD exchange rate is currently trading above the key EMA level, indicating a possible shift in the trend. Traders will be closely monitoring the pair’s movement in the coming days to see if this breakout can be sustained.