NZD/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
Important price line breached by USD/CAD. This price has been tested numerous times before.
USD/CAD has broken through a resistance line. Because we have seen it retrace from this price in the…
After trying numerous times in the past, GBP/USD finally breaks 1.2570!
GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 4…
We expect a 87 pip movement on USDJPY for the next 4 hours.
Based on the last 12 Non Farm Payrolls events in United States, we could see a $648 movement…