The breakout of NZD/USD through the 0.6418 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of NZD/USD to test 0.6471 within the next 6 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
We expect AUDUSD to trend upwards right now.
We expect AUDUSD to trend upwards for the next 12 hours. Based on these past United States JOLTs…
USD/CAD – breach of price line that’s been previously tested numerous times before
USD/CAD has breached the resistance line at 1.3731. It may continue the bullish trend towards 1.3805, or, it…
Important price line being approached by GBP/USD. This price has been tested numerous times before.
The movement of GBP/USD towards 1.2441 price line is yet another test of the line it reached numerous…