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NZD/USD Analysis – Symmetrical Broadening Wedge Pattern
The 4-hour chart below shows that NZD/USD remains within a descending channel and has rebounded from its channel support. The pair trades within a symmetrical broadening wedge pattern approaching the $0.5710 level. A breakout above the descending channel at $0.5650 would signal the end of the channel’s downtrend and could open the door for higher prices in NZD/USD.


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Gold (XAU) Technical Analysis
The daily chart for gold shows that the price is trading within an ascending broadening wedge pattern. The price forms a symmetrical broadening wedge within this pattern, reflecting positive momentum. The RSI remains above the mid-level, indicating a bullish trend toward $2,720. A breakout above $2,720 could trigger the next leg higher. Conversely, a break below $2,550 would signal a potential price correction in gold.

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