NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 0.5834 within the next 10 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
USDJPY likely to test 147.1170 in the near future. Where to next?
USDJPY is moving towards a support line. Because we have seen it retrace from this level in the…
EURCHF moves higher to 0.9403 in the last 16 hours.
EURCHF reached 0.9403 after a 0.62% move spanning 16 hours.
CHFJPY – approaching a resistance line that has been previously tested at least twice in the past
CHFJPY is heading towards the resistance line of a Channel Up and could reach this point within the…