The price of NZD/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
Supports and resistances are primary concepts of technical analysis. USD/JPY is heading for an important price of 142.5510 – read about what this could mean for the future.
A strong resistance level has been identified at 142.5510 on the 1 hour USD/JPY chart. USD/JPY is likely…
USD/CHF breakout from a Descending Triangle trade setup. Will it continue this trend to hit the target price?
The breakout of USD/CHF through the support line of a Descending Triangle could be a sign of the…
NZD/USD – breach of price line that’s been previously tested numerous times before
NZD/USD has broken through 0.6197 which it has tested numerous times in the past. We have seen it…