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
Breach of 0.8640 could mean a start of a bearish trend on AUDCAD
The breakout of AUDCAD through the 0.8640 price line is a breach of an important psychological price that…
USDCAD – It’s perhaps in these huge moves where the greatest opportunity lies
USDCAD has moved lower by 2.39% from 1.42943 to 1.39528 in the last 11 days.
GBPJPY is quickly approaching the resistance line of a Inverse Head and Shoulders. We expect either a breakout through this line or a rebound.
GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…