NZD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.6735 may materialize within the next 2 days.
Related Posts
It’s time to make a decision on AUDUSD – its recent breach of 0.6509 could be a sign of a new trend to follow.
AUDUSD has broken through a support line. Because we have seen it retrace from this price in the…
Because AUDJPY formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
AUDJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in…
GBPJPY has formed 6 bullish candles successively, what is the probability of getting another bullish candle?
Due to the rate of consecutive bullish candles on GBPJPY Daily chart we could be in for a…