NZD/USD is heading towards 0.6265 and could reach this point within the next 5 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
Resistance line breached by USDJPY. This price has been tested at least twice before.
Channel Down pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to…
USDCHF formed a Channel Down on the 4 hour chart. Retest of resistance in sight.
A Channel Down pattern was identified on USDCHF at 0.78923, creating an expectation that it may move to…
EURCAD likely to test 1.6205 in the near future. Where to next?
EURCAD is approaching a support line at 1.6205. If it hits the support line, it may break through…