NZD/USD has broken through a support line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 0.5949 within the next 18 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
AUDJPY – approaching a support line that has been previously tested at least twice in the past
AUDJPY is heading towards the support line of a Triangle. If this movement continues, the price of AUDJPY…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5001 – read about what this could mean for the future.
A strong resistance level has been identified at 1.5001 on the 1 hour EURCAD chart. EURCAD is likely…
Extreme movement experienced on EURJPY. Check this chart to see what to do next
EURJPY rose sharply for 23 days – which is an excessively big movement for this instrument; exceeding the…