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  • NZD/USD has tested the former 2018 low at 0.6854 on Thursday as bulls are trying to form a double bottom.  
  • NZD/USD bulls have broken to the upside from the wedge formation suggesting higher prices in the coming sessions.
  • Targets to the upside can be located near the 0.6900-0.6923 area figure and supply/demand level and then near 0.6960, June 1 low.

NZD/USD 15-minute chart  

Spot rate:                       0.6878
Relative change:             0.21%      
High:                              0.6883
Low:                               0.6825

Trend:                             Neutral to bullish above  0.6854

Resistance 1:                 0.6900-0.6923 area figure and supply/demand level    
Resistance 2:                 0.6960, June 1 low
Resistance 3                  0.7000 figure    

Support 1:                      0.6854, former 2018 low
Support 2:                      0.6816 December 1, 2017 low
Support 3:                      0.6780, 2017 low