NZD/USD has broken through a line of 0.6413 and suggests a possible movement to 0.6463 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
EURUSD has broken through a resistance line. It has touched this line numerous times in the last 12 days.
EURUSD has broken through 1.1722 which it has tested numerous times in the past. We have seen it…
A Channel Down has formed, USDJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
USDJPY was identified at around 147.209 having recently rebounded of the support on the 1 hour data interval.…
USDCAD is currently testing a level of 1.3670. Will the breakout continue or will things reverse?
USDCAD has breached the support line at 1.3670. It may continue the bearish trend towards 1.3587, or, it…