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
We expect EURUSD to trend downwards for the next 2 hours.
Based on the last 12 BoJ Interest Rate Decision events in Japan, we could see EURUSD trend downwards…
NZD/USD – breach of price line that’s been previously tested numerous times before
The price of NZD/USD in heading in the direction of 0.5974. Despite the recent breakout through 0.5954 it…
It’s time to make a decision on GBP/USD – its recent breach of 1.2472 could be a sign of a new trend to follow.
GBP/USD is once again retesting a key horizontal resistance level at 1.2472. It has tested this level 3…