NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 0.6248 within the next 15 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
A Channel Up has formed, EURAUD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Channel Up pattern in its final wave was identified on the EURAUD 4 hour chart. After a…
USDJPY has broken through a support line. It has touched this line numerous times in the last 7 days.
USDJPY is once again retesting a key horizontal support level at 145.0775. It has tested this level 4…
AUDCAD moves higher to 0.89048 in the last 17 hours.
AUDCAD hits 0.89048 after a 1.16% move spanning 17 hours.