The breakout of NZD/USD through the 0.6523 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of NZD/USD to test 0.6488 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Could a large bullish move on USDCAD be a sign of things to come?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 3.24%…
EURAUD has broken through a support line. It has touched this line numerous times in the last 6 days.
EURAUD has broken through a support line. It has touched this line numerous times in the last 6…
USDJPY – breach of a trending support line that has been tested at least twice before.
USDJPY has broken through the support line which it has tested twice in the past. We have seen…