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NZD/USD is approaching 0.6380. We expect either a breakout through this line, or a rebound.

NZD/USD is heading towards a line of 0.6380. If this movement continues, the price of NZD/USD could test 0.6380 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

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After testing 1.2322 numerous times, GBP/USD is once again approaching this price point. Can we expect a bearish trend to follow?

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