The price of NZDUSD 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
USDCHF has broken through support of a Descending Triangle. It has touched this line at least twice in the last 30 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
AUDCAD is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDCAD is heading towards the resistance line of a Channel Down and could reach this point within the…
EURCAD heading towards a price it has tested 5 times in the recent past.
EURCAD is about to retest a key horizontal support level near 1.6072. It has tested this level 5…