NZD/USD has broken through a line of 0.6623 and suggests a possible movement to 0.6615 within the next 6 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
USD/JPY – breach of price line that’s been previously tested numerous times before
USD/JPY has breached the resistance line at 153.8790. It may continue the bullish trend towards 154.5374, or, it…
Important price line breached by USD/CAD. This price has been tested numerous times before.
USD/CAD has broken through a line of 1.3672. If this breakout holds true, we could see the price…
GBP/USD has broken through a level it has tested 4 times in the recent past.
GBP/USD has broken through a resistance line. Because we have seen it retrace from this price in the…