NZD/USD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 17 days and suggests a possible target level to be around 0.6041 within the next 3 days.
Related Posts
If you’re short EURUSD you should be aware that 1.1654 has just been breached – a level tested 5 time in the past
The price of EURUSD in heading in the direction of 1.1693. Despite the recent breakout through 1.1654 it…
AUDCAD – approaching a resistance line that has been previously tested at least twice in the past
The movement of AUDCAD towards the resistance line of a Triangle is yet another test of the line…
USDJPY is approaching 147.0125. We expect either a breakout through this line, or a rebound.
USDJPY is about to retest a key horizontal support level near 147.0125. It has tested this level 4…