The price of NZD/USD in heading in the direction of 0.6124. Despite the recent breakout through 0.6101 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Related Posts
After testing 147.6275 numerous times, USDJPY is once again approaching this price point. Can we expect a bullish trend to follow?
USDJPY is about to retest a key horizontal resistance level near 147.6275. It has tested this level 8…
USDCHF has broken through support of a Descending Triangle. It has touched this line at least twice in the last 30 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
Will NZDUSD break through the resistance level it tested before?
The price of NZDUSD in heading back to the resistance area. It is possible that it will struggle…