NZD/USD is moving towards a line of 0.6115 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NZD/USD continues in its current trajectory, we may see it move towards 0.6115 within the next 5 days.
Related Posts
CHFJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
The movement of CHFJPY towards the support line of a Channel Down is yet another test of the…
GBPCHF hits 1.10117 after a 3.21% move spanning 18 days
GBPCHF has moved higher by 3.21% from 1.066925 to 1.10117 in the last 18 days.
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
A strong resistance level has been breached at 162.8055 on the 4 hour EURJPY chart. Technical Analysis theory…