NZD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 0.6352 can be expected within the next 8 hours.
Related Posts
CHFJPY – approaching a support line that has been previously tested at least twice in the past
Emerging Falling Wedge detected on CHFJPY – the pattern is an emerging one and has not yet broken…
If AUDJPY touches 91.4090 it may be time to take action.
AUDJPY is heading towards 91.4090 and could reach this point within the next 2 days. It has tested…
USDCHF hits 0.80915 after a 8.4% move spanning 33 days
USDCHF has moved lower by 8.4% from 0.88331 to 0.80915 in the last 33 days.