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NZD/USD seems to be on its way to support – a possible opportunity?

NZD/USD is about to retest a key horizontal support level near 0.6102. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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We expect a 26 pip movement on USDCHF for the next 4 hours.

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AUD/USD has broken through resistance of a Ascending Triangle. It has touched this line at least twice in the last 4 days.

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