NZD/USD moved through the support line of a Rising Wedge at 0.6045466666666667 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 0.5974.
Related Posts
Important price line breached by GBPCHF. This price has been tested numerous times before.
GBPCHF has broken through a support line. It has touched this line numerous times in the last 13…
EURJPY – approaching a resistance line that has been previously tested at least twice in the past
EURJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…
After testing 0.8189 numerous times, USDCHF is once again approaching this price point. Can we expect a bearish trend to follow?
USDCHF is moving towards a line of 0.8189 which it has tested numerous times in the past. We…