NZD/USD has broken through a support line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 0.6094 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
After testing the resistance line numerous times, AUDNZD is once again approaching this line. Can we expect a bullish trend to follow?
AUDNZD was identified at around 1.08541 having recently rebounded of the support on the 1 hour data interval.…
EURAUD keeps moving closer towards 1.7596. Will it finally breach this level?
EURAUD is en route to a very important line that will be a definite deciding factor of what…
If you’re short GBPCHF you should be aware that 1.1024 has just been breached – a level tested 5 time in the past
A strong resistance level has been breached at 1.1024 on the 15 Minutes GBPCHF chart. Technical Analysis theory…