NZD/USD has broken through a line of 0.6440 and suggests a possible movement to 0.6413 within the next 9 hours. It has tested this line numerous times in the past, so one should wait for 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 2 days.
Related Posts
GBP/USD likely to test 1.2674 in the near future. Where to next?
The movement of GBP/USD towards 1.2674 price line is yet another test of the line it reached numerous…
NZD/USD is approaching 0.6125. We expect either a breakout through this line, or a rebound.
The price of NZD/USD in heading back to the resistance area. It is possible that it will struggle…
We expect a 46 pip movement on GBPUSD for the next 2 hours.
We expect GBPUSD to trend upwards for the next 2 hours. Based on these past United States Personal…