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FRA40 – approaching a price line that has been previously tested numerous times in the past

FRA40 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 16 days and may test it again within the next 2 days.

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We expect a $100 movement on EURUSD within the next 12 hours.

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NZD/USD experienced a very large 9 days bullish move to 0.674

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