NZD/USD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.5929 may materialize within the next 2 days.
Related Posts
CHFJPY is approaching 186.0470. We expect either a breakout through this line, or a rebound.
CHFJPY is en route to a very important line that will be a definite deciding factor of what…
NZDUSD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
NZDUSD is moving towards a support line which it has tested numerous times in the past. We have…
After testing 0.6495 numerous times, AUDUSD has finally broken through. Can we expect a bearish trend to follow?
AUDUSD has broken through a line of 0.6495. If this breakout holds true, we could see the price…