NZD/USD is heading towards 0.6201 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
USDJPY through 145.4363275862069. Is this a confirming a breakout? Will it continue its path in the current trend toward 146.5109?
USDJPY has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true,…
A possible move on EURCAD as it heads towards support
EURCAD is moving towards a support line. Because we have seen it retrace from this line before, we…
Breach of 166.3245 could mean a start of a bearish trend on EURJPY
The price of EURJPY in heading in the direction of 165.8605. Despite the recent breakout through 166.3245 it…